Accounting WAEC

What is the cost of raw materials consumed?

use the following information to answer the given question

#
Opening stock:
-raw materials 6,500
-work-in-progress 2,500
Closing Stock:
– raw materials 4,000
-work-in-progress 1,000
Purchases of raw materials 12,500
Manufacturing wages 2,000
Factory rent 500

A. N18,500
B. N16,000
C. N15,000
D. N12,500

Correct Answer: Option C

C. N15,000

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6 years ago

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