6. Material consumed is ₹5,00,000, Opening stock of raw material is ₹1,00,000 and Closing stock of raw material is ₹75,000. What is the cost of raw material purchased ?
CS Executive · Cost and Management Accounting · PYQS · June 2021
6. Material consumed is ₹5,00,000, Opening stock of raw material is ₹1,00,000 and Closing stock of raw material is ₹75,000. What is the cost of raw material purchased ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Material Cost
Related Questions in this Topic
- 97. The most suitable method for calculating the issue price of slow-moving material is:
- 96. Differences in stock of material due to .......... are written off to Profit and Loss Account and do not form part o...
- 10. In a company the weekly minimum and maximum consumption of Material-A are 25 units and 75 units respectively. The re...
- 9. A company purchases 2000 units of a particular item per year at a unit cost of ₹20. The ordering cost is ₹50 per orde...
- 8. Which of the following items can be classified as 'C' category as per ABC analysis of inventory control? Items U...