Test Index

WAEC Accounting 2010 Paper

Question : 23

Total: 44

	₦
Opening stock of raw materials	24,750
Purchases of raw materials	129,640
Carriage on raw materials	10,000
Closing stock of raw materials	45,000
Factory supervisor's salary	30,000
Wages of factory hands	50,000
Royalties paid	18,000
Insurance of factories	62,000
Work-in-progress(opening)	23,000
Raw material returned	12,200

The value of raw material consumed is

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