Given: Stock of raw materials 1/40…………N11 150 Purchases of raw materials………….N112 550 Raw material returned………………N31…

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: Option D
Explanation
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