Use the following information to answer the given question \(\begin{array}{c|c} & & ₦\\ \hline \text{Raw materials} & \text{stock 1/1/2000} & 4,500 \\ & pur...

The cost of raw materials consumed can be calculated by finding the cost of raw materials used in production. This can be done by subtracting the cost of raw materials at the end of the year from the cost of raw materials available for use during the year. Cost of raw materials available for use = Opening stock + Purchases = 4,500 + 30,000 = N34,500 Cost of raw materials at the end of the year = Closing stock = N6,000 Therefore, cost of raw materials consumed = Cost of raw materials available for use - Cost of raw materials at the end of the year = N34,500 - N6,000 = N28,500 So, the answer is N28,500.