JAMB Principles of Accounts 1998 Question 29

Use the information below to answer questions 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 is the cost of materials available for use during the period?

1. A.₦487,100
2. B.₦449,500
3. C.₦448,500
4. D.₦440,300.