JAMB - Accounts Principles Of Accounts (2019 - No. 22)
Use the following Information to answer this question.
Stock of finished goods: Jan 1st Dec 31st Stock of Raw materials: Jan 1st Dec 31st Purchase of Raw Materials Manufacturing Wages Depreciation: Factory equipment Direct expenses Factory Fuel Carriage inwards on Raw Materials |
₦ 50,640 71,380 32,160 29,640 145,000 52,000 16,500 12,500 7,000 7,000 |
220,480
213,480
200,480
190,000
Explanation
Cost of Raw material consumed Manufacturing Wages Direct expenses |
₦ 152,600 52,860 12,500 |
| 220,480 |
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