Use the following information to answer the given question
(begin{array}{c|c} & N \ hline text{Opening stock of raw materials} & 8,000\ text{Purchases} & 45,000 \ text{Closing stock of raw materials} & 9,500 \ text{Direct wages} & 6,450 \ text{Indirect wages} & 2,800 \ text{Depreciation – Plant and Machinery} & 3,200 \ text{Factory rents and rates} & 350 \ text{Opening work-in-progress} & 3,250 \ text{Closing work-in-progress} & 3,750end{array})
Production cost is
(begin{array}{c|c} & N \ hline text{Opening stock of raw materials} & 8,000\ text{Purchases} & 45,000 \ text{Closing stock of raw materials} & 9,500 \ text{Direct wages} & 6,450 \ text{Indirect wages} & 2,800 \ text{Depreciation – Plant and Machinery} & 3,200 \ text{Factory rents and rates} & 350 \ text{Opening work-in-progress} & 3,250 \ text{Closing work-in-progress} & 3,750end{array})
Production cost is
-
A.
N57,300 -
B.
N56,300 -
C.
N55,800 -
D.
N53,000