Use the information below to answer questions:Purchase:Raw materials...............
Question
Use the information below to answer questions:
Purchase:
Raw materials.................₦15 000
Finished goods...........................₦11 400
Stock:....(1/7/01)
Raw materials..........₦2 250
Work-in-progress.........................₦1 875
Wages:
Direct........................₦17 100
Indirect.................................₦5 400
Stock:.....(30/06/02)
Raw materials.......₦3 000
Work-in-progress.........................₦3 375
What is the cost of manufactured goods?
Options
A)
₦49 125
B)
₦48 750
C)
₦37 625
D)
₦35 250

The correct answer is D.
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