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
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 consumed is
Answer Details
Cost of raw materials consumed = Opening stock of raw materials + Purchases of raw materials - Returns on raw materials - Closing stock of raw materials = 822,000 + 125,000 - 15,000 - 560,000 = 372,000