JAMB Principles of Accounts 2002 Question 19

Use the information below to answer questions 18 and 19.
(₦)
Stock of raw materials (1st January) 3000
Direct wages 2500
Direct expenses 1000
Factory overheads 2000
Cost of raw materials used 5500
Stock of finished goods (31st December) 2000
The cost of goods manufactured is

1. A.₦11000
2. B.₦12000
3. C.₦14000
4. D.₦9000.