Use the information below to answer questions . Stock of material 1/1..............N10 000 Purchase of...

JAMB 2008

Use the information below to answer questions .

Stock of material 1/1..............N10 000
Purchase of raw material...........N160 000
Manufacturing wages................N420 000
Royalties..........................N3 000
Stock of raw materials 31/12.......N14 000

What is the cost of raw materials consumed?

A. N173 000
B. N170 000
C. N160 000
D. N156 000

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Correct Answer: Option D

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