Calculate the prime cost?
Given:
Stock at start:
Raw materials…………….N57 000
Work-in-progress………….N42 000
Finished goods……………N71 000
Purchase of raw materials amount to N81 000, direct labour is N38 000 and factory overhead N29 000.
Calculate the prime cost?
A N176 000
B N170 000
C N167 000
D N156 000
Answer is A
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