The following information is provided for amusa company limited , a manufacturer Prime cost N999,000
FINANCIAL
JAMB 1995
The following information is provided for amusa company limited , a manufacturer Prime cost N999,000 Manufacturing overhead N132,000 Closing work in progress N75,000 values of finished goods transferred to the trading account N1,116,000 If including in the manufacturing overhead were rents of N5,000 paid in advance, what is the opening work in progress for the period?
- A. N85,000
- B. N80,000
- C. N70,000
- D. N65,000
Correct Answer: D. N65,000
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