Question on: WAEC Accounting - 2000
use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Opening stock:} & \ \text{- raw materials} & 6,500 \ \text{-work-in-progress} & 2,500 \ \text{Closing Stock:} & \ \text{- raw materials} & 4,000 \ \text{-work-in-progress} & 1,000 \ \text{Purchases of raw materials} & 12,500 \ \text{Manufacturing wages} & 2,000 \ \text{Factory rent} & 500\end{array}\)
What is the cost of raw materials consumed?
\(\begin{array}{c|c} & N \ \hline \text{Opening stock:} & \ \text{- raw materials} & 6,500 \ \text{-work-in-progress} & 2,500 \ \text{Closing Stock:} & \ \text{- raw materials} & 4,000 \ \text{-work-in-progress} & 1,000 \ \text{Purchases of raw materials} & 12,500 \ \text{Manufacturing wages} & 2,000 \ \text{Factory rent} & 500\end{array}\)
What is the cost of raw materials consumed?
A
N18,500
B
N16,000
C
N15,000
D
N12,500
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Correct Option: C
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