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  # Stock 1/1/09: Raw materials 2000 Work-in-progress 5000 Stock 31/12/09: Raw materials  500 Work-in-progress...

Accounts - Principles of Accounts
JAMB 2024
  #

Stock 1/1/09: Raw materials

 2000

Work-in-progress

 5000

Stock 31/12/09: Raw materials 

 500

Work-in-progress

 4000

Raw materials purchased

 18000

Direct labour

 7500

Direct expenses

 3000

Factory expenses

 10000

The raw materials available for production is ___

  • A. 18,500
  • B. #20,000
  • C. #19,500
  • D. #38,000
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Correct Answer: Option D
Explanation

Raw materials available: Opening Stock + Raw materials purchased Raw materials available: #20,000+ #18,000
Raw materials available: #38,000

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now