What is the closing stock of raw material?

By: |Published on: Dec 8|Categories: Accounting JAMB| 0 comments

Given:
Cost of raw materials issued to production…..N37000
Opening stock of raw material………………N2000
Purchases of raw material………………….N3800
Wages …………………………………..N500

A. N4000
B. N3000
C. N2000
D. N1000

Correct Answer:

Option B – N3000

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