………..PQ Manufacturing Company

Raw materials (1/11/2001)………..N3 500
Raw materials (31/12/2001)……….N4 900
Purchase of raw materials………..N56 000
Salary ………………………..N63 000
Wages………………………….N148 000
Factory lighting ……………….N3 080
Plant Depreciation………………N2 800
Factory Insurance ………………N2 170

A. N54 600
B. N56 000
C. N57 400
D. 59 500

Correct Answer:

Option A – N54 600

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