Use the following information to answer questions below
| |
Le |
| Raw materials: |
|
| Stock (01/01/2017) |
822000 |
| Stock (31/12/2017) |
560000 |
| Purchases |
125000 |
| Returns of raw materials |
15000 |
The cost of raw materials available for production is
Cost of raw materials available = Opening stock of raw materials + Purchases of raw materials - returns of raw materials
= 822,00 + 125,000 + 15,000
= 932,000