JAMB - Accounts Principles Of Accounts (2013 - No. 26)
Purchase of raw materials - #330,000
Closing stock of raw materials - #80,000
Direct wages - #30,000
Carriages of raw materials - #10,000
Determine the prime cost
Closing stock of raw materials - #80,000
Direct wages - #30,000
Carriages of raw materials - #10,000
Determine the prime cost
#525,000
#515,000
#465,000
#370,000
Explanation
330,000 + 30000 + 10,000 = 370,000
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