JAMB Accounting 2015 Objective — Question 28

Question 28 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Raw materials inventory at the beginning of a period was ₦46,800 and at the close ₦9,200 was returned. Cost of materials consumed during the period was ₦448,500. What was the total purchases made during the period?

A. ₦48,100
B. ₦457,700Correct
C. ₦449,500
D. ₦440,300

Explanation

The original source flags this question as incomplete/data-insufficient (closing inventory figure not given). Based on Purchases ≈ Consumed + Returns − Opening Inventory, the closest listed figure is presented, but it should be treated as unverified.

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