Question 32

Use the following information to answer the given question
\(\begin{array}{c|c} & N\\ \text{Stock of raw materials - 1st January, 2002} & 460,000\\ \text{Purchases of raw materials} & 1,000,000\\ \text{Carriage inwards} & 100,000 \\ \text{Stock of raw materials - 31st December, 2002} & 500,000\\ \text{Royal paid} & 35,000 \\ \text{Manufacturing wages} & 80,000\\ \text{Supervisor's salary} & 15,000\end{array}\)
Cost of raw materials used is

  • A.N1,175,000
  • B.N1,140,000
  • C.N1,075,000
  • D.N1,060,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2004
Question no.
#32
Type
Objective

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