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?

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

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The Final Accounts Of A Sole Trader
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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?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A N4000
B N3000
C N2000
D N1000

Correct Answer: Option B

Explanation:

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

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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