What is the cost of raw materials consumed?
Use the information below to answer questions .
Stock of material 1/1…………..N10 000
Purchase of raw material………..N160 000
Manufacturing wages…………….N420 000
Royalties……………………..N3 000
Stock of raw materials 31/12…….N14 000
What is the cost of raw materials consumed?
A N173 000
B N170 000
C N160 000
D N156 000
Answer is D
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