Use the following information to answer the given question
(begin{array}{c|c} & N\ text{Stock of raw materials – 1st January, 2002} & 460,000\ text{Purchases of raw materials} & 1,000,000\ text{Carriage inwards} & 100,000 \ text{Stock of raw materials – 31st December, 2002} & 500,000\ text{Royal paid} & 35,000 \ text{Manufacturing wages} & 80,000\ text{Supervisor’s salary} & 15,000end{array})
Cost of raw materials used is
(begin{array}{c|c} & N\ text{Stock of raw materials – 1st January, 2002} & 460,000\ text{Purchases of raw materials} & 1,000,000\ text{Carriage inwards} & 100,000 \ text{Stock of raw materials – 31st December, 2002} & 500,000\ text{Royal paid} & 35,000 \ text{Manufacturing wages} & 80,000\ text{Supervisor’s salary} & 15,000end{array})
Cost of raw materials used is
-
A.
N1,175,000 -
B.
N1,140,000 -
C.
N1,075,000 -
D.
N1,060,000