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

Use the following information to answer the given question

MANUFACTURING AND TRADING ACCOUNTS

NNOpening raw material10,000Manufacturing cost114,000purchases60,000¯70,000Less: Closing raw material8,000¯62,000Direct labour20,000Direct expenses20,000Factory overhead12,000¯114,000¯114,000_______Stock b/d¯10,000salesXPurchasesXLess sales returns5,000Manufacturing cost114,000¯144,000Stock c/d12,000¯132,000Gross profit 20% on sales ______________XX

What is the average stock of finished goods?

A.

N8,000

B.

N9,000

C.

N10,000

D.

N11,000

E.

N12,000

Correct answer is D

No explanation has been provided for this answer.