Paper 2 · Manufacturing accounts

S. Samanyika Toy Products had opening raw material stock of $11 400, purchases of raw materials of$ 54 000, and closing raw material stock of $1 400 for the year ended 31 December 2009. What was the cost of raw materials consumed?

Model answer

$64 000

Also accepted: 64000, 64 000

Explanation:

11 400 +

54 000 -

1 400 =

64 000.

Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, June 2014, Q3

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