What is the cost of goods manufactured?

Use the information below to answer questions

Direct labour……………….N50 000
Beginning work-in-progress……N4 000
Raw materials used…………..N18 000
Indirect labour……………..N4 000
Ending finished goods………..N16 000
Ending work-in-progress………N9 000
Factory supplies used………..N7 000
Selling expenses…………….N25 000
Beginning finished goods……..N21 000
Other factory overheads………N19 000

What is the cost of goods manufactured?

A N117 000

B N104 000

C N97 000

D N93 000

Answer is D

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