JAMB - Accounts Principles Of Accounts (2023 - No. 63)
|
₦ |
|
|
Manufacturing wages |
42,000 |
|
Factory rent |
880 |
|
Raw materials: Stock 1/1/16 |
1,000 |
|
Purchases |
16,000 |
|
Stock 31/12/16 |
1,400 |
|
Depreciation of Plants and Machinery |
800 |
|
Royalties |
300 |
|
Indirect wages |
18,000 |
|
General indirect expenses |
620 |
Calculate the cost of raw materials consumed
₦15,600
₦17,000
₦42,000
₦20,300
Explanation
Cost of raw materials consumed = 1000 + 16000 - 1400
= ₦ = 15600
= ₦ = 15600
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