Given: Cost of raw materials issued to production.....N37000 Opening stock of raw material..................N2000 Purchases of...
FINANCIAL
JAMB 2003
Given:
Cost of raw materials issued to production.....N37000
Opening stock of raw material..................N2000
Purchases of raw material......................N3800
Wages .........................................N500
What is the closing stock of raw material?
- A. N4000
- B. N3000
- C. N2000
- D. N1000
Correct Answer: B. N3000
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