Question on: JAMB Accounting - 2019

Use the following Information to answer this question.


Stock of finished goods: Jan 1st
Dec 31st
Stock of Raw materials: Jan 1st
Dec 31st
Purchase of Raw Materials
Manufacturing Wages
Depreciation: Factory equipment
Direct expenses
Factory Fuel
Carriage inwards on Raw Materials		₦
50,640
71,380
32,160
29,640
145,000
52,000
16,500
12,500
7,000
7,000
A

220,480

B

213,480

C

200,480

D

190,000

Ask EduPadi AI for a detailed answer
Correct Option: A

Costs

		<ul>
			<li>Cost of raw materials</li>
			<li>Manufacturing Wages</li>
			<li>Direct expenses</li>
		</ul>
		</td>
		<td>
		<p>₦</p>

		<p>152,600<br />
		52,860<br />
		12,500</p>
		</td>
	</tr>
	<tr>
		<td>Total</td>
		<td>220,480</td>
	</tr>
</tbody>

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