Given Cost of raw materials issued to productio... - JAMB Accounting 2003 Question
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?
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?
A
N4000
B
N3000
C
N2000
D
N1000
correct option: b
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