WAEC Financial Accounting 1993 Question 47

Purchases: raw materials ₦20,000; finished goods ₦15,200
Stock 1/1/89: raw materials ₦3,000; work-in-progress ₦2,500
Wages: direct ₦22,800; indirect ₦7,200
Factory expenses: electricity ₦12,000; insurance ₦2,000
Stock 31/12/89: raw materials ₦4,000; work-in-progress ₦4,500

The amount of factory overhead is

1. A.₦28,200
2. B.₦23,200
3. C.₦21,200
4. D.₦19,200
5. E.₦14,000.