Use the information below to answer question:Stock of raw materials (1st January...
Question
Use the information below to answer question:
Stock of raw materials (1st January) N3000
Direct wages N2500
Direct expenses N1000
Factory overheads N2000
Cost of raw materials used N5500
Stock of finished goods (31st December) N2000
Determine the prime cost?
Options
A)
₦7500
B)
₦6500
C)
₦9000
D)
₦8000
The correct answer is C.
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