Multiple choice

Directions: Choose the correct option for the given question.

Material consumed = _____ + Purchase of raw material - Closing stock of raw material.

  1. Opening stock of raw material

  2. Opening stock of finished goods

  3. Opening stock of work-in-progress

  4. Either (1) or (2)

  5. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The formula for material consumed is Opening Stock + Purchases - Closing Stock. This represents the raw material used during the period.

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