Use the following information to answer the given question
N | |
Sales | 14,600 |
Purchases | 5,500 |
Return Inward | 150 |
Rent | 2000 |
Salaries | 1000 |
Discount Received | 400 |
Closing stock | 250 |
Opening stock | 100 |
Gross profit is
use the following information to answer the given question
N | |
Opening Stock: | |
Raw materials | 6.500 |
Work-in-progress | 2,500 |
Closing Stock: | |
Raw materials | 4000 |
Work-in-progress | 1000 |
Purchases of raw materials | 12,500 |
Manufacturing wages | 2000 |
Factory rent | 500 |
What is the cost of raw materials consumed?