Use the information below to answer the question.
Phebe Enterprises has two departments S and T, with the following information
| S ₦ Opening stock ————5,000 Purchases —————–26,000 Closing stock ————- 7,000 Sales ———————— 45,000 | T ₦ 1,500 3,000 2,500 4,000 |
The following expenses are to be shared in the ratio of 4:1
Rent ₦ 8,300
General expenses ₦3,200
A. ₦23,000
B. ₦11,500
C. ₦12,500
D. ₦20,000
Correct Answer:
Option A – ₦23,000
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