From the following information, calculate the cost of direct materials consumed:
|
Direct materials purchased |
80,000 |
|
Cost of material sold (Due to unsuitability) |
1,000 |
|
Material returned to suppliers (Defective materials) |
2,000 |
|
Sale of direct material scrap |
1,000 |
|
Closing stock of materials |
10,000 |
|
Opening stock of materials |
8,000 |
|
Octroi and custom duties (on materials purchased) |
6,000 |
|
Carriage inwards |
2,000 |