What is the cost of goods manufactured?

Direct labour……………….N50 000
Beginning work-in-progress……N4 000
Raw materials used…………..N18 000
Indirect labour……………..N4 000
Ending finished goods………..N16 000
Ending work-in-progress………N9 000
Factory supplies used………..N7 000
Selling expenses…………….N25 000
Beginning finished goods……..N21 000
Other factory overheads………N19 000

A. N117 000
B. N104 000
C. N97 000
D. N93 000

Correct Answer:

Option D – N93 000