The cost of raw materials consumed is?

Use the following information to answer the question below

A. Le 402,000
B. Le 947,000
C. Le 932,000
D. Le 372,000

Correct Answer:

Option D – Le 372,000

Explanation

Cost of raw materials consumed = Opening stock of raw materials + Purchases of raw materials – Returns on raw materials – Closing stock of raw materials
= 822,000 + 125,000 – 15,000 – 560,000
= 372,000