Given: Cost of raw materials issued to production…..N37000 Opening stock of raw material………………N2000 Purchases of…

Accounts - Principles of Accounts 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?

  • N4000
  • N3000 checkmark
  • N2000
  • N1000

The correct answer is: B

Explanation

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