In 2012 a company purchased 10,000 kg of material at a total cost of $16,000. The relevant index number in 2012 was 185. In 2014 the index number was 220 and the company purchased 9,000 kg of material. What is the total cost of the material purchased in 2014 (to the nearest $‘000)? a) $17,100 b) $38,100 c) $24,700 d) $20,800

In 2012 a company purchased 10,000 kg of material at a total cost of $16,000. The relevant index number in 2012 was 185. In 2014 the index number was 220 and the company purchased 9,000 kg of material. What is the total cost of the material purchased in 2014 (to the nearest $‘000)? a) $17,100 b) $38,100 c) $24,700 d) $20,800

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Description: In 2012 a company purchased 10,000 kg of material at a total cost of $16,000.The relevant index number in 2012 was 185.In 2014 the index number was 220 and the company purchased 9,000 kg of material.What is the total cost of the material purchased in

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter9: Working Capital

Section: Chapter Questions

Problem 30E

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