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company requires 700 kg of raw material Z for a contract it is evaluating. It has 400 kg of material Z in stock which were

company requires 700 kg of raw material Z for a contract it is evaluating. It has 400 kg of material Z in stock which were purchased last month. Since then the purchase price of material Z has risen by 8 per cent to 27 per kg. Raw material Z is used regularly by the company in normal production. What is the total relevant cost of raw material Z

a.

16 200
b.

18 900
c.

15 336
d.

21

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