use the following information to answer the given question
# | |
Opening stock: | |
-raw materials | 6,500 |
-work-in-progress | 2,500 |
Closing Stock: | |
– raw materials | 4,000 |
-work-in-progress | 1,000 |
Purchases of raw materials | 12,500 |
Manufacturing wages | 2,000 |
Factory rent | 500 |
A. N18,500
B. N16,000
C. N15,000
D. N12,500
Correct Answer: Option C
C. N15,000