Home » Accounts (Principles of Accounts) » (begin{array}{c|c} & N \ hline text{Opening stock of Raw Materials} & 5,800 \ text{Closing stock…

(begin{array}{c|c} & N \ hline text{Opening stock of Raw Materials} & 5,800 \ text{Closing stock…

(begin{array}{c|c} & N \ hline text{Opening stock of Raw Materials} & 5,800 \ text{Closing stock of Raw Materials} & 4,500 \ text{Raw material purchased} & 19,000\ text{Carriage outwards} & 1,300 \ text{Direct labour} & 4,000 \ text{Electricity(Factory)} & 2,500 \ text{Supervisor’s salary} & 5,500 \ text{Depreciation of Plant} & 1,500 \ Sales & 58,000 \ text{Closing stock(Finished Goods)} & 4,500 \ text{Administrative expenses} & 5,500 \ text{selling and Distribution Expenses} & 3,000end{array})
he gross profit
  • A.
    N33,800
  • B.
    N28,700
  • C.
    N28,300
  • D.
    N18,900
Correct Answer: Option B
Explanation