Question

Opening Stock of material is 75000 Additional material Purchase is a lecco out of which materia femcining in the cos co to Is calculate the camount of material Consumed​

Answer 1

Answer:

cost of materials consumed

Explanation:

Raw material which is purchased in the current year is shown under cost of material consumed. Cost of material consumed is the actual cost of materials used by adjusting the opening and closing capital.

Cost of goods consumed = Opening stock + purchases - closing stock.