The following information is provided for Amusa company limited, a manufacturerP...

Question

The following information is provided for Amusa company limited, a manufacturer

Prime cost ₦999,000
Manufacturing overhead ₦132,000
Closing work in progress ₦75,000
Values of finished goods transferred to the trading account ₦1,116,000

If including in the manufacturing overhead were rents of ₦5,000 paid in advance, what is the opening work in progress for the period?

Options

D)

₦65,000