The value of raw material consumed from the following given information will be:
Opening stock of Raw Material ₹ 25,000
Add: Purchase of Raw Material ₹ 1,00,000
Less: Closing stock of Raw Material ₹ 40,000
Raw Material Consumed = ₹ (25,000 + 1,00,000 - 40,000) = ₹ 85,000
Opening stock of Raw Material ₹ 25,000
Add: Purchase of Raw Material ₹ 1,00,000
Less: Closing stock of Raw Material ₹ 40,000
Raw Material Consumed = ₹ (25,000 + 1,00,000 - 40,000) = ₹ 85,000
Show Hint
- ₹ 85,000
- ₹ 60,000
- ₹ 45,000
- ₹ 1,65,000
The Correct Option is A
Solution and Explanation
Raw Material Consumed = Opening Stock + Purchases – Closing Stock
Substituting the given values:
= ₹ 25,000 + ₹ 1,00,000 – ₹ 40,000
= ₹ 1,25,000 – ₹ 40,000
= ₹ 85,000
So, the total value of raw material consumed during the period is ₹ 85,000.
This helps in determining the cost of production accurately.
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