Cost of raw materials consumed is

Use the following Information to answer this question.

Stock of finished goods: Jan 1st
Dec 31st
Stock of Raw materials: Jan 1st
Dec 31st
Purchase of Raw Materials
Manufacturing Wages
Depreciation: Factory equipment
Direct expenses
Factory Fuel
Carriage inwards on Raw Materials

50,640
71,380
32,160
29,640
145,000
52,000
16,500
12,500
7,000
7,000

Cost of raw materials consumed is

A

₦53,000

B

₦150,000

C

₦152,120

D₦148,120

Answer is C

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