WAEC Financial Accounting 2006 Question 31

Opening stock: raw materials D10,000; work-in-progress D16,000
Purchases of raw materials D95,500
Direct labour wages paid D13,500
Royalties paid D6,200
Accrued wages D2,800
Closing stock: raw materials D7,500; work-in-progress D8,500
Manufacturing overhead D10,000
Cost of raw materials consumed is

1. A.D113,000
2. B.D105,500
3. C.D98,000
4. D.D95,500.