Question on: JAMB Accounting - 2006

Given:

Stock of raw materials 1/40............N11 150

Purchases of raw materials.............N112 550

Raw material returned..................N31 150

Stock of Raw materials 31/12/04........N27 150

Calculate the cost of raw materials consumed?

A
N156 000
B
N38 300
C
N183 150
D
N66 550
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Correct Option: D

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