O-LevelAccountingAccounting procedures7707/12 · May/June 2023 · Q291 Mark

A business provided the following information. opening inventory of raw material 50 000 closing inventory of raw material 60 000 purchases of raw material 80 000 carriage inwards on raw material 2000 What was the cost of raw material consumed?

A$70000

B$72000

C$90000

D$92000

✓ Correct answer

B: $72000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2023 Paper 1 Variant 2, question 29.

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