Use the information below to answer the question.
Stock of material 1/1…………..N10 000
Purchase of raw material………..N160 000
Manufacturing wages…………….N420 000
Royalties……………………..N3 000
Stock of raw materials 31/12…….N14 000
A. N173 000
B. N170 000
C. N160 000
D. N156 000
Correct Answer:
Option D – N156 000
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