Use the following Information to answer this question.

Stock of finished goods: Jan 1st Dec 31st Stock of Raw materials: Jan 1st Dec 31st Purchase of Raw Materials Manufacturing Wages Depreciation: Factory equipment Direct expenses Factory Fuel Carriage inwards on Raw Materials

₦ 50,640 71,380 32,160 29,640 145,000 52,000 16,500 12,500 7,000 7,000

Cost of raw materials consumed is