Question on: SS2 Accounting - Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of Production
What is the formula for calculating the cost of raw materials consumed or used?
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A
Cost of Raw Materials Available for Use - Beginning Raw Materials Inventory
B
Cost of Raw Materials Available for Use - Ending Raw Materials Inventory
C
Beginning Raw Materials Inventory - Cost of Raw Materials Available for Use
D
Ending Raw Materials Inventory - Cost of Raw Materials Available for Use
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Correct Option: B
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