Use the information below to answer the questionDirect labour......................
Question
Use the information below to answer the question
Direct labour...................₦50 000
Beginning work-in-progress......₦4 000
Raw materials used..............₦18 000
Indirect labour.................₦4 000
Ending finished goods...........₦16 000
Ending work-in-progress.........₦9 000
Factory supplies used...........₦7 000
Selling expenses................₦25 000
Beginning finished goods........₦21 000
Other factory overheads.........₦19 000
Calculate the prime cost.
Options
A)
₦50 000
B)
₦68 000

C)
₦70 000
D)
₦75 000
The correct answer is B.
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