Use the information to answer the given question.
D | |
Opening stock: raw materials | 10,000 |
work-in-progress | 16,000 |
Purchases of raw materials | 95,000 |
Direct labour wages paid | 13,500 |
Royalties paid | 6,200 |
Accrued wages | 2,800 |
Closing stock: raw materials | 7,500 |
work in progress | 8,500 |
Manufacturing overhead | 10,000 |
Cost of raw materials consumed is?
A. D113,000
B. D105,500
C. D98,000
D. D95,500
Correct Answer: Option C
C. D98,000
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