JAMB Accounting Past Questions & Answers - Page 207

Direct labour...................N50,000
Beginning work-in-progress......N4,000
Raw materials used..........N18,000
Indirect labour.................N4,000
Ending finished goods...........N16,000
Ending work-in-progress.........N9,000
Factory supplies used.........N7,000
Selling expenses..............N25,000
Beginning finished goods........N21,000
Other factory overheads.........N19,000

What is the cost of goods manufactured?

A component of an overhead manufacturing cost is?

Zazzau Company:

Cash in hand................N50
Cash in bank................N1 250
Stock.......................N4 880
Furniture...................N9 60
Building....................N5 500
Debtor......................N1 750
Creditors...................N2 150

Drawings of N125 were made by the shareholders of the company.

They company's net current assets amount to?

Zazzau Company:

Cash in hand................N50
Cash in bank................N1,250
Stock.......................N4,880
Furniture...................N960
Building....................N5,500
Debtor......................N1,750
Creditors...................N2,150

Drawings of N125 were made by the shareholders of the company.

The capital of the company stands at?

If the assets and liabilities of a firm were valued at N17,200 and N5,120 respectively, the capital of the firm would be?