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question_answer Discussion Board for a Question on Quiz: Accounting (WAEC 2000)

50 Questions · Public · Objective · Quiz suitable for all ages

2 Click Here To Discuss Question

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?

Select 1 Option (1 Mks)
  • N18,500
  • N16,000
  • N15,000
  • N12,500
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