Given: Cost of raw materials issued to production.....N37000 Opening stock of raw material..................N2000 Purchases of...

JAMB 2003

Given:
Cost of raw materials issued to production.....N37000
Opening stock of raw material..................N2000
Purchases of raw material......................N3800
Wages .........................................N500
What is the closing stock of raw material?

A. N4000
B. N3000
C. N2000
D. N1000

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Correct Answer: Option B

Explanation

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