The market value of goods produced is?

Materials consumed……………….N16,600
Direct cost……………………..N5,400
Factory rent…………………….N2,300
Factory lighting…………………N1,200

Cost of production to be transferred at cost plus 20% mark-up.

A. N30,500
B. N30,600
C. N31,600
D. N31,620

Correct Answer:

Option B – N30,600