Given: Stock of raw materials 1/40............N11 150 Purchases of raw materials.............N112 550 Raw material returned..................N31...
FINANCIAL
JAMB 2006
Given:
Stock of raw materials 1/40............N11 150
Purchases of raw materials.............N112 550
Raw material returned..................N31 150
Stock of Raw materials 31/12/04........N27 150
Calculate the cost of raw materials consumed?
- A. N156 000
- B. N38 300
- C. N183 150
- D. N66 550
Correct Answer: D. N66 550
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