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Foster has built a new factory incurring the following costs: Land GH1,200,000 Materials GH2,400,000 Labour GH3,000,000 Architect's fees GH25,000 Surveyor's fees GH15,000 Site overheads GH300,000

Foster has built a new factory incurring the following costs: Land GH1,200,000 Materials GH2,400,000 Labour GH3,000,000 Architect's fees GH25,000 Surveyor's fees GH15,000 Site overheads GH300,000 Apportioned administrative overheads GH150,000 Testing of fire alarms GH10,000 Business rates for first year GH12, 000. What will be the total amount capitalised in respect of the factory?

A. GH6,112,000

B. GH6,950,000

C. GH7,112,000

D. GH7,100,000

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