Use the following information to answer the given question
Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990
Opening stock – Raw materials42,000 Purchases – Raw materials265,000 Outwards13,000 Returns outwards13,000 Depreciation – plant and Machinery10,000 wages52,000 Closing stock – Raw materials72,000 Direct expenses11,000 Production Manager’s salaries18,000 Factory rent15,000
The cost of production is
A N373,000
B N351,000
C N337,000
D N328,000
Answer is D
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