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Use the following information to answer the given questio...

Use the following information to answer the given question
Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990


Opening stock - Raw materials42,000Purchases - Raw materials265,000Outwards13,000Returns outwards13,000Depreciation - plant and Machinery10,000wages52,000Closing stock - Raw materials72,000Direct expenses11,000Production Manager's salaries18,000Factory rent15,000


The cost of production is

A.

N373,000

B.

N351,000

C.

N337,000

D.

N328,000

E.

N277,000

Correct answer is D

No explanation has been provided for this answer.