WAEC Accounting 2022 Paper

Concept:The cost of raw materials available for production is the total value of raw materials that could be used before deducting closing stock.Explanation:The formula is: Opening stock of raw materials + Purchases + Carriage or other additions.Substitute the given values: $\mathrm{Le}\,792,000 + \mathrm{Le}\,125,000 + \mathrm{Le}\,15,000$.Add step by step: $\mathrm{Le}\,792,000 + \mathrm{Le}\,125,000 = \mathrm{Le}\,917,000$.Then, $\mathrm{Le}\,917,000 + \mathrm{Le}\,15,000 = \mathrm{Le}\,932,000$.Therefore, the cost of raw materials available is $\mathrm{Le}\,932,000$.Answer:$\mathrm{Le}\,932,000$ (Option B).