Raw material consumption refers to the amount of natural resources and materials used in the production of goods and services. It encompasses the extraction, processing, and transformation of raw materials into intermediate and final products.
The level of raw material consumption varies across industries and sectors, depending on the nature of their operations and the types of products they manufacture. Some common examples of raw materials include minerals, metals, timber, agricultural products, petroleum, and natural gas.
Wimax Company limited
Raw material consumption calculation…
Year-2022 Year-2021
Opening stock xxxx xxxx
Add: purchase during the year xxxx xxxx
Less: damaged by fire (if any) (xxxx) (xxxx)
Less: Closing stock of raw material (xxxx) (xxxx)
Raw material consumed xxxx xxxx