Use the information below to answer questions belowWork-in-progress 1/1........................N1,000Work-in-progress 31/12......................N2,000Production cost of goods manufactured.......N20,000Sales.......................................N50,000Stock of finished goods 1/1.................N4,000Stock of finished goods 31/12...............N5,000Selling and distribution expenses...........N2,000Administrative expenses.....................N1,000What is the net profit?

Question

Lessonnotes Admin · Accepted Answer

The answer is C. N28,000.