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question_answer Discussion Board for a Question on Quiz: Accounts - Principles of account (WAEC 2010)

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

13 Click Here To Discuss Question

Use the following information to answer given question

 Opening stock of raw materials 24 , 750 Purchases of raw materials 129 , 640 Carriage on raw materials 10 , 000 Closing stock of raw materials 45 , 000 Factory supervisor's salary 30 , 000 Wages of factory hands 50 , 000 Royalties paid 18 , 000 Insurance of factories 62 , 000 Work-in-progress(opening) 23 , 000 Raw material returned 12 , 200

The value of raw material consumed is

Select 1 Option (1 Mks)
  • ₦121,440
  • ₦113,390
  • ₦111,190
  • ₦101,190
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