Question

Considering the following information, answer the question given below :

particular	1st January Rs	31st December Rs
Stock of raw materials	17,400	18,100
Work-in-progress	12,200	12,400
Stock of finished goods	44,500	43,700

During the year manufacturing overhead expenses amounted to Rs.61,000, manufacturing wages to Rs.40,500 and purchase of raw materials to Rs.93,900. There were no other direct expenses.
(i) The cost of raw materials consumed, issued and used were _______________.

• A. Rs. 1,11,300
• B. Rs. 93,200
• C. Rs. 93,900
• D. Rs. 95,600

Answer 1

The correct option is B Rs. 93,200

PARTICULARS	AMT.RS
OP. STOCK OF MATERIAL	17,400
ADD: PURCHASE OF RAW MATERIAL	93,900
LESS: CLOSING STOCK OF MATERIAL	(18,100)
COST OF MATERIAL CONSUMED	93,200