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Given:Cost of raw materials issued to production.....₦37000Opening stock of ra...


Question

Given:

Cost of raw materials issued to production.....₦37000

Opening stock of raw material..................₦2000

Purchases of raw material......................₦3800

Wages .........................................₦500

What is the closing stock of raw material?

Options

A)
₦4000
B)
₦3000
C)
₦2000
D)
₦1000

The correct answer is B.


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