Mathematics · Cost Sheet Numerical
Based on the cost accounting records of a manufacturing firm, the following data is provided for a production cycle: 1. Opening Stock of Raw Material: ₹40,0002. Raw Material Purchases: ₹2,20,0003. Freight Inward: ₹15,0004. Closing Stock of Raw Material: ₹30,000 What is the total value of Raw Material Consumed to be reported in the Cost Sheet?
- 1₹2,15,000
- 2₹2,75,000
- 3₹2,45,000✓
- 4₹2,30,000
Correct answer
₹2,45,000
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