Opening stock of raw materials is ₹40,000, purchases are ₹2,80,000, carriage inward is ₹15,000, and closing stock is ₹55,000. What is the raw material consumed?
Answer and explanation
Correct answer: A. ₹2,80,000
- Step 1: Use the raw material consumed formula: .
- Step 2: Substitute: .
- Step 3: Calculate: .
Answer
₹2,80,000.
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