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Considering the following information, answer the question given below:




During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900.  There were no other direct expenses.

The cost of raw materials consumed, issued and used were:

  • a)
    Rs. 1,09,300

  • b)
    Rs. 91,200

  • c)
    Rs. 91,900

  • d)
    Rs. 92,600.

Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Considering the following information, answer the question given below...
Cost of raw material=op.stock of raw material+purchase of raw material-closing stock of raw material
=17,400+91,900-18,100
=91,200
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Community Answer
Considering the following information, answer the question given below...
Debit side of Manufacturing A/c
To raw material consumed
Opening stock: 17400
Add Purchase: 91900
= 109300
Less Closing Stock: 18100
Cost of raw material consumed= 91200
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Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The cost of raw materials consumed, issued and used were:a)Rs. 1,09,300b)Rs. 91,200c)Rs. 91,900d)Rs. 92,600.Correct answer is option 'B'. Can you explain this answer?
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