Question on: WAEC Accounting - 2004
Use the following information to answer the given question
\(\begin{array}{c|c} & N\ \text{Stock of raw materials - 1st January, 2002} & 460,000\ \text{Purchases of raw materials} & 1,000,000\ \text{Carriage inwards} & 100,000 \ \text{Stock of raw materials - 31st December, 2002} & 500,000\ \text{Royal paid} & 35,000 \ \text{Manufacturing wages} & 80,000\ \text{Supervisor's salary} & 15,000\end{array}\)
Cost of raw materials used is
\(\begin{array}{c|c} & N\ \text{Stock of raw materials - 1st January, 2002} & 460,000\ \text{Purchases of raw materials} & 1,000,000\ \text{Carriage inwards} & 100,000 \ \text{Stock of raw materials - 31st December, 2002} & 500,000\ \text{Royal paid} & 35,000 \ \text{Manufacturing wages} & 80,000\ \text{Supervisor's salary} & 15,000\end{array}\)
Cost of raw materials used is
A
N1,175,000
B
N1,140,000
C
N1,075,000
D
N1,060,000
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Correct Option: D
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