Revenue collection of Djibouti in the past five years
Question
Revenue collection of Djibouti in the past five years
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The following data (in thousands of cedis) have been taken from the accounting records of Hajia shikishiki for the just completed year. Administrative expenses.........................................................................................300 Direct Labour...........................................................................................................400 Finished goods inventory, beginning...................................................................240 Finished goods inventory, ending........................................................................320 Manufactured overhead.........................................................................................460 Purchases of raw materials....................................................................................240 Raw materials inventory, beginning......................................................................80 Raw materials inventory, ending..........................................................................140 Sales.......................................................................................................................1,980 Selling expenses...................................................................................................280 Work in process inventory, beginning.............................................................140 Work in process inventory, ending...................................................................100 Required What was the net income for the year? A. 180,000cedis B. 500,000cedis C. 890,000cedis
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