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Use the following information to answer the given questio...

Use the following information to answer the given question


NStock of raw materials - 1st January, 2002460,000Purchases of raw materials1,000,000Carriage inwards100,000Stock of raw materials - 31st December, 2002500,000Royal paid35,000Manufacturing wages80,000Supervisor's salary15,000
Cost of raw materials used is

A.

N1,175,000

B.

N1,140,000

C.

N1,075,000

D.

N1,060,000

Correct answer is D

No explanation has been provided for this answer.