Use the information below to answer questions . Stock of material 1/1..............N10 000 Purchase of
FINANCIAL
JAMB 2008
Use the information below to answer questions .
Stock of material 1/1..............N10 000
Purchase of raw material...........N160 000
Manufacturing wages................N420 000
Royalties..........................N3 000
Stock of raw materials 31/12.......N14 000
What is the cost of raw materials consumed?
- A. N173 000
- B. N170 000
- C. N160 000
- D. N156 000
Correct Answer: D. N156 000
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