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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 375What 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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