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 ra...

Use the following information to answer questions below

The cost of raw materials available for production is

Answer Details

To determine the cost of raw materials available for production, we need to calculate the total amount of raw materials that were available during the given period. The calculation involves adding the opening stock of raw materials to the purchases made and then subtracting any returns of raw materials. Given the information provided: Opening Stock (01/01/2017): Le 822,000 Purchases: Le 125,000 Returns of Raw Materials: Le 15,000 To calculate the cost of raw materials available for production, we can perform the following calculation: Cost of Raw Materials Available = Opening Stock + Purchases - Returns Cost of Raw Materials Available = Le 822,000 + Le 125,000 - Le 15,000 Cost of Raw Materials Available = Le 932,000 Therefore, the cost of raw materials available for production is Le 932,000.