Raw materials inventory at the beginning of a period was ...
Raw materials inventory at the beginning of a period was N46,800 and at the close of the period there was a balance of N38,600. From the purchases made during the period, defective materials costing N9,200 were returned. Cost of materials consumed during the period was N448,500.
What was the total purchases made during the period?
N497,100
N457,700
N449,500
N440,300
Correct answer is C
No explanation has been provided for this answer.
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