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Use the following information to answer questions below

  Le
Raw materials:  
Stock (01/01/2017) 822000
Stock (31/12/2017) 560000
Purchases 125000
Returns of raw materials 15000


The cost of raw materials available for production is

A.

Le 372,000

B.

Le 932,000

C.

Le 947,000

D.

Le 402,000

View answer & explanation

Correct answer is B

Cost of raw materials available = Opening stock of raw materials + Purchases of raw materials - returns of raw materials
= 822,00 + 125,000 + 15,000
= 932,000

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