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
N373,000
N351,000
N337,000
N328,000
N277,000
Correct answer is D
No explanation has been provided for this answer.
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