(Model: Cost of raw materials purchased)
Compute the cost of raw materials purchased from the data given below:
|
Opening stock of raw materials |
Rs. 10,000 |
|
Closing stock of raw materials |
Rs. 15,000 |
|
Expenses on purchases |
Rs. 5,000 |
|
Direct wages |
Rs. 50,000 |
|
Prime cost |
Rs. 1,00,000 |
(Delhi University)