| ₦ | |
| Manufacturing wages | 42,000 |
| Factory rent | 880 |
| Raw materials: Stock 1/1/16 | 1,000 |
| Purchases | 16,000 |
| Stock 31/12/16 | 1,400 |
| Depreciation of Plants and Machinery | 800 |
| Royalties | 300 |
| Indirect wages | 18,000 |
| General indirect expenses | 620 |
Calculate the cost of raw materials consumed ____________
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Correct Answer: Option A
Explanation:
Cost of raw materials consumed = 1000 + 16000 - 1400
= ₦ = 15600
Cost of raw materials consumed = 1000 + 16000 - 1400
= ₦ = 15600