Use the information below to answer questions Purchase:..Raw materials.................₦15 000 Finished goods...........................₦11 400 Stock:....(1...

Assessment: JAMB UTME - Principles of Accounts - 2005 Subject: Financial Accounting

Question 1 Report

Use the information below to answer questions Purchase:..Raw materials.................₦15 000

Finished goods...........................₦11 400

Stock:....(1/7/01)Raw materials..........₦2 250

Work-in-progress.........................₦1 875

Wages:.....Direct........................₦17 100

Indirect.................................₦5 400

Stock:.....(30/06/02)Raw materials.......₦3 000

Work-in-progress.........................₦3 375The cost of raw materials consumed is?

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