Use the information below to answer questions.
The stock of material 1/1…………..N10 000
Purchase of raw material………..N160 000
Manufacturing wages…………….N420 000
Royalties……………………..N3 000
Stock of raw materials 31/12…….N14 000
What is the cost of raw materials consumed?
- A.
N173 000 - B.
N170 000 - C.
N160 000 - D.
N156 000