Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of Production - SS2 Accounting Past Questions and Answers - page 1

Beginning Raw Materials Inventory - Raw Materials Purchased or Produced During the Period

Beginning Raw Materials Inventory + Raw Materials Purchased or Produced During the Period

Ending Raw Materials Inventory - Raw Materials Purchased or Produced During the Period

Ending Raw Materials Inventory + Raw Materials Purchased or Produced During the Period

Cost of Raw Materials Available for Use - Beginning Raw Materials Inventory

Cost of Raw Materials Available for Use - Ending Raw Materials Inventory

Beginning Raw Materials Inventory - Cost of Raw Materials Available for Use

Ending Raw Materials Inventory - Cost of Raw Materials Available for Use

The total cost of all raw materials used in production

The total cost of all direct costs associated with production

The total cost of all indirect costs associated with production

The total cost of all raw materials and labour used in production

Raw materials carried over from the previous period

Raw materials purchased during the accounting period

Raw materials produced during the accounting period

All of the above

Raw materials consumed or used

Direct labour cost

Indirect material cost

Other direct costs associated with the production