Opening stock of raw materials - #75,000

Purchase of raw materials - #330,000

Closing stock of raw materials - #80,000

Direct wages - #30,000

Carriages of raw materials - #10,000

Calculate the cost of raw materials used

  • A #495,000
  • B #415,000
  • C #325,000
  • D #305,000
jamb 2013accounting

The correct answer is C. #325,000

To calculate direct materials, add beginning direct materials to direct materials purchases and subtract ending direct materials.

75,000 + 330,000 - 80,000 = 325,000

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