Use the following information to answer the question that follows
N
Direct material used—————–64,000
Direct labour————————–30,000
Production overheads————–22,000
Work-in-progress at beginning—–9,000
Work-in-progress at close———14,000
The total cost of production is
- 94,000
- 106,000
- 111,000
-
116,000
The correct answer is: D
Explanation
Total cost of production = Cost of labor + Cost of raw materials + Overhead costs on manufacturing.
64,000 + 30,000 + 22,000 = 116,000