Use the information below to answer question 28 and 29. Raw materials inventory at the beginning of a period was ₦46,800 and at the close of the period ther...

Assessment: JAMB UTME - Principles of Accounts - 1998 Subject: Financial Accounting

Question 1 Report

Use the information below to answer question 28 and 29.

Raw materials inventory at the beginning of a period was ₦46,800 and at the close of the period there was a balance of ₦38,600. From the purchases made during the period, defective materials costing ₦9,200 were returned. Cost of materials consumed during the period was ₦448,500.

What was the total purchases made during the period?

₦497,100

₦457,700

₦449,500

₦440,300