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?
N173,000
N170,000
N160,000
N156,000
Correct answer is D
No explanation has been provided for this answer.