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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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