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

Accounts - Principles of Accounts 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?

  • N156 000
  • N38 300
  • N183 150
  • N66 550 checkmark

The correct answer is: D

Explanation

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