Use the information below to answer the question.
Stock of material 1/1…………..N10 000
Purchase of raw material………..N160 000
Manufacturing wages…………….N420 000
Royalties……………………..N3 000
Stock of raw materials 31/12…….N14 000
A. N597000
B. N579000
C. N576000
D. N5967000
Correct Answer:
Option B – N579000
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