Use the following information to answer the giv... - WAEC Accounting 1993 Question
Use the following information to answer the given question.
\(\begin{array}{c|c} & & N \ \hline \text{Purchases:} & \text{raw materials} & 20,000 \ & \text{finished goods} & 15,200 \ \text{Stock 1/1/89:} & \text{ raw materials} & 3,000 \ & \text{work-in-progress} & 2,500 \ Wages: & direct & 22,800 \ & indirect & 7,200 \ \text{Factory expenses:} & electricity & 12,000 \ & insurance & 2,000 \ \text{Stock 31/12/89:} & \text{raw materials} & 4,000 \ & \text{work-in-progress} & 4,500\end{array}\)
What is the value of raw materials available?
\(\begin{array}{c|c} & & N \ \hline \text{Purchases:} & \text{raw materials} & 20,000 \ & \text{finished goods} & 15,200 \ \text{Stock 1/1/89:} & \text{ raw materials} & 3,000 \ & \text{work-in-progress} & 2,500 \ Wages: & direct & 22,800 \ & indirect & 7,200 \ \text{Factory expenses:} & electricity & 12,000 \ & insurance & 2,000 \ \text{Stock 31/12/89:} & \text{raw materials} & 4,000 \ & \text{work-in-progress} & 4,500\end{array}\)
What is the value of raw materials available?
A
N23,000
B
N22,500
C
N20,000
D
N19,000
correct option: a
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