Use the following information to answer the given question
MANUFACTURING AND TRADING ACCOUNTS
(begin{array}{c|c} & N & & N \ hline text{Opening raw material} & 10,000 & text{Manufacturing cost} & 114,000 \ purchases & 60,000 \ & overline{70,000} & & \ text{Less: Closing raw material} & 8,000 & & \ & overline{62,000} & & \ text{Direct labour} & 20,000 & & \ text{Direct expenses} & 20,000 & & \ text{Factory overhead} & 12,000 & & \ & overline{114,000} & & overline{114,000} \ & & & text{_______} \ text{Stock b/d} & overline{10,000} & sales & X \ Purchases & X & text{Less sales returns} & 5,000 \ text{Manufacturing cost} & 114,000 & & \ & overline{144,000} & & \ text{Stock c/d} & 12,000 & & \ & overline{132,000} & & \ text{Gross profit 20% on sales } & text{_______} & & text{_______}\ & X & & X end{array})
What is the total of raw materials consumed?
MANUFACTURING AND TRADING ACCOUNTS
(begin{array}{c|c} & N & & N \ hline text{Opening raw material} & 10,000 & text{Manufacturing cost} & 114,000 \ purchases & 60,000 \ & overline{70,000} & & \ text{Less: Closing raw material} & 8,000 & & \ & overline{62,000} & & \ text{Direct labour} & 20,000 & & \ text{Direct expenses} & 20,000 & & \ text{Factory overhead} & 12,000 & & \ & overline{114,000} & & overline{114,000} \ & & & text{_______} \ text{Stock b/d} & overline{10,000} & sales & X \ Purchases & X & text{Less sales returns} & 5,000 \ text{Manufacturing cost} & 114,000 & & \ & overline{144,000} & & \ text{Stock c/d} & 12,000 & & \ & overline{132,000} & & \ text{Gross profit 20% on sales } & text{_______} & & text{_______}\ & X & & X end{array})
What is the total of raw materials consumed?
-
A.
N144,000 -
B.
N144,000 -
C.
N70,000 -
D.
N62,000 -
E.
N60,000