Use the information below to answer the question.
Phebe Enterprises has two departments S and T, with the following information

S ₦Opening stock 5,000Purchases 26,000Closing stock 7,000Sales 45,000

T₦1,500 3,0002,5004,000

The following expenses are to be shared in the ratio of 4:1
Rent ₦8,300
General expenses ₦3,200
Determine the company's gross profit for the year

A. ₦23,000  
B. ₦11,500
C. ₦12,500
D. ₦20,000

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Correct Answer: A