Material consumed is ₹5,00,000, Opening stock of raw material is ₹50,000 and Closing stock of raw material is ₹25,000. What is the cost of raw material purchased ?
CS Executive · Cost and Management Accounting · PYQS · December 2019
Material consumed is ₹5,00,000, Opening stock of raw material is ₹50,000 and Closing stock of raw material is ₹25,000. What is the cost of raw material purchased ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Material Costing
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