Question on: JAMB Accounting - 2003
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?
A
N4000
B
N3000
C
N2000
D
N1000
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Correct Option: B
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