Determine the accumulated fund value?
Use the information below to answer questions
Purchase:..Raw materials……………..N15 000
Finished goods………………………N11 400
Stock:….(1/7/01)Raw materials……….N2 250
Work-in-progress…………………….N1 875
Wages:…..Direct……………………N17 100
Indirect……………………………N5 400
Stock:…..(30/06/02)Raw materials…….N3 000
Work-in-progress…………………….N3 375
Determine the accumulated fund value?
A N9360
B N6320
C N4200
D N3000
Answer is D
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