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GCE Financial Accounting 1989 Question 41

Question 41

Manufacturing Accounts

Use the Manufacturing and Trading Accounts shown (X marks figures you must work out). What is the total of raw materials consumed?

Diagram for this question
  1. A.₦144,000
  2. B.₦114,000
  3. C.₦70,000
  4. D.₦62,000
  5. E.₦60,000
Show the answer and explanation

Answer: D (₦62,000)

Explanation

10,000 + 60,000 − 8,000 = ₦62,000.