Account 2019 JAMB Past Questions - Question 7: Raw materials inventory at the beginning of a period was N46,800 and at the close of the period there was a balance of N38,600. From the purchaser made during the period, defective materials costing N9,200 were returned. Cost of materials consumed during the period was N448,500.7. What was the total purchases made during the period?

Raw materials inventory at the beginning of a period was N46,800 and at the close of the period there was a balance of N38,600. From the purchaser made during the period, defective materials costing N9,200 were returned. Cost of materials consumed during the period was N448,500.7. What was the total purchases made during the period?