$\begin{array}{c|c} & N \\ \hline \text{Opening stock of Raw Materials} & 5,800 \\ \text{Closing stock of Raw Materials} & 4,500 \\ \text{Raw material purchased} & 19,000\\ \text{Carriage outwards} & 1,300 \\ \text{Direct labour} & 4,000 \\ \text{Electricity(Factory)} & 2,500 \\ \text{Supervisor's salary} & 5,500 \\ \text{Depreciation of Plant} & 1,500 \\ Sales & 58,000 \\ \text{Closing stock(Finished Goods)} & 4,500 \\ \text{Administrative expenses} & 5,500 \\ \text{selling and Distribution Expenses} & 3,000\end{array}$

His gross profit

Similar Questions

Which of the following is not one of the uses of a journal proper? To record ...

In a sales ledger, contra entry is found on the? ...

Beginning and ending accounts receivable balances were N8,000 and N15,000 respectively. If collectio...

The business entity concept ...

Which of the following transactions is posted to the nominal ledger? ...

When shares are oversubscribed, the promoter nay decide to scale down the number of shareholding whe...

July 30 Closing stock 100 units at N90 July 8 Purchased 200 units at N95 July 10 Sold 160 units J...

A fall in the value of a fixed asset due to technological changes is described as? ...

Which of the following is apportioned in proportion of the purchases of each department? ...

Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...