Use the information below to answer question ............PQ Manufacturing CompanyRaw materials (1/11/2001)...........₦3 500 Raw materials (31/12/2001).........

Assessment: JAMB UTME - Principles of Accounts - 2003 Subject: Financial Accounting

Question 1 Report

Use the information below to answer question ............PQ Manufacturing CompanyRaw materials (1/11/2001)...........₦3 500

Raw materials (31/12/2001)..........₦4 900

Purchase of raw materials...........₦56 000

Salary .............................₦63 000

Wages...............................₦148 000

Factory lighting ...................₦3 080

Plant Depreciation..................₦2 800

Factory Insurance ..................₦2 170The company consumed raw materials worth?

₦54 600

₦56 000

₦57 400

59 500

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