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Given:Stock of raw materials 1/40............₦11 150Purchases of raw materials....


Question

Given:

Stock of raw materials 1/40............₦11 150

Purchases of raw materials.............₦112 550

Raw material returned..................₦31 150

Stock of Raw materials 31/12/04........₦27 150

Calculate the cost of raw materials consumed?

Options

A)
₦156 000
B)
₦38 300
C)
₦183 150
D)
₦66 550

The correct answer is D.


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