Use the following information to answer the given question
MANUFACTURING AND TRADING ACCOUNTS
\begin{array}{c|c} & N & & N \ \hline \text{Opening raw material} & 10,000 & \text{Manufacturing cost} & 114,000 \ purchases & 60,000 \ & \overline{70,000} & & \ \text{Less: Closing raw material} & 8,000 & & \ & \overline{62,000} & & \ \text{Direct labour} & 20,000 & & \ \text{Direct expenses} & 20,000 & & \ \text{Factory overhead} & 12,000 & & \ & \overline{114,000} & & \overline{114,000} \ & & & \text{_______} \ \text{Stock b/d} & \overline{10,000} & sales & X \ Purchases & X & \text{Less sales returns} & 5,000 \ \text{Manufacturing cost} & 114,000 & & \ & \overline{144,000} & & \ \text{Stock c/d} & 12,000 & & \ & \overline{132,000} & & \ \text{Gross profit 20% on sales } & \text{_______} & & \text{_______}\ & X & & X \end{array}\begin{array}{c|c} & N & & N \ \hline \text{Opening raw material} & 10,000 & \text{Manufacturing cost} & 114,000 \ purchases & 60,000 \ & \overline{70,000} & & \ \text{Less: Closing raw material} & 8,000 & & \ & \overline{62,000} & & \ \text{Direct labour} & 20,000 & & \ \text{Direct expenses} & 20,000 & & \ \text{Factory overhead} & 12,000 & & \ & \overline{114,000} & & \overline{114,000} \ & & & \text{_______} \ \text{Stock b/d} & \overline{10,000} & sales & X \ Purchases & X & \text{Less sales returns} & 5,000 \ \text{Manufacturing cost} & 114,000 & & \ & \overline{144,000} & & \ \text{Stock c/d} & 12,000 & & \ & \overline{132,000} & & \ \text{Gross profit 20% on sales } & \text{_______} & & \text{_______}\ & X & & X \end{array}
What is the total of raw materials consumed?
A N144,000
B N144,000
C N70,000
D N62,000
Answer is D
