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  3. Accounts - Principles of Accounts
  4. JAMB 2013
  5. Purchase of raw mate...

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

  • A. #525,000
  • B. #515,000
  • C. #465,000
  • D. #370,000
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Correct Answer: Option D
Explanation

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

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