Use the following information to answer the given questio...
Use the following information to answer the given question.
NPurchases:raw materials20,000finished goods15,200Stock 1/1/89: raw materials3,000work-in-progress2,500Wages:direct22,800indirect7,200Factory expenses:electricity12,000insurance2,000Stock 31/12/89:raw materials4,000work-in-progress4,500
The cost of manufacturing goods is
N67,500
N65,500
N65,000
N63,000
N61,000
Correct answer is E
No explanation has been provided for this answer.
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