WAEC Financial Accounting 2004 Question 30

Stock of raw materials – 1st January, 2002 N460,000
Purchases of raw materials N1,000,000
Carriage inwards N100,000
Stock of raw materials – 31st December, 2002 N500,000
Royalty paid N35,000
Manufacturing wages N80,000
Supervisor's salary N15,000
Total overhead cost is

1. A.N105,000
2. B.N95,000
3. C.N50,000
4. D.N15,000