Purchase of raw materials – #330,000 Closing stock of raw materials – #80,000 Direct wages…

Accounts - Principles of Accounts JAMB 2013

Purchase of raw materials – #330,000
Closing stock of raw materials – #80,000
Direct wages – #30,000
Carriages of raw materials – #10,000

Determine the prime cost

  • #525,000
  • #515,000
  • #465,000
  • #370,000 checkmark

The correct answer is: D

Explanation

330,000 + 30000 + 10,000 = 370,000

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