Use the information below to answer question Stock of raw materials (1st January) N3000 Direct…

Accounts - Principles of Accounts JAMB 2002

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?

  • N7500
  • N6500
  • N9000 checkmark
  • N8000

The correct answer is: C

Explanation

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