JAMB - Accounts Principles Of Accounts (2008 - No. 26)

Use the information below to answer questions .

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

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