Use the information below to answer questions . Stock of material 1/1…………..N10 000 Purchase of…

Accounts - Principles of Accounts JAMB 2008

Use the information below to answer questions .

Stock of material 1/1…………..N10 000
Purchase of raw material………..N160 000
Manufacturing wages…………….N420 000
Royalties……………………..N3 000
Stock of raw materials 31/12…….N14 000

Calculate the prime cost?

  • N597000
  • N579000 checkmark
  • N576000
  • N5967000

The correct answer is: B

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