Use the following information to answer the given question

MANUFACTURING AND TRADING ACCOUNTS

$\begin{array}{c|c} & N & & N \\ \hline \text{Opening raw material} & 10,000 & \text{Manufacturing cost} & 114,000 \\ purchases & 60,000 \\ & \overline{70,000} & & \\ \text{Less: Closing raw material} & 8,000 & & \\ & \overline{62,000} & & \\ \text{Direct labour} & 20,000 & & \\ \text{Direct expenses} & 20,000 & & \\ \text{Factory overhead} & 12,000 & & \\ & \overline{114,000} & & \overline{114,000} \\ & & & \text{_______} \\ \text{Stock b/d} & \overline{10,000} & sales & X \\ Purchases & X & \text{Less sales returns} & 5,000 \\ \text{Manufacturing cost} & 114,000 & & \\ & \overline{144,000} & & \\ \text{Stock c/d} & 12,000 & & \\ & \overline{132,000} & & \\ \text{Gross profit 20% on sales } & \text{_______} & & \text{_______}\\ & X & & X \end{array}$

What is the total of raw materials consumed?

Similar Questions

Where fixed capital account is maintained, partners Share of profit is transferred to the ...

Discount allowed is a charge made against ...

Use the information below to answer this question At the end of a financial period, the trading pro...

From which of the following sources are creditors control account most likely to be posted? ...

Where a business is purchased, the full amount of the purchase consideration is credited to ...

When discount is allowed, the accounting entry is debit Discount allowed and credit ...

The document which contains the internal regulations of a limited liability company is the  ...

Where a wrong figure occurs in only one account with the second figure correctly stated, this is an ...

The beginning and ending accounts receivable balances were N20,000 and N30,000 respectively. The co...

When a buyer is undercharged, the seller forwards ...