Accounts - Principles of Accounts
WAEC 2019
Use the following information to answer the question below
Cost of raw materials available------ 32,000
Manufacturing wages -----10,000
Factory expenses-----5,000
Royalty-------3,000
Factory rent ------2,000
Depreciation of plant and machinery---- 5,000
closing stock of raw materials-------- 3,000
The prime cost is
-
A.
$ 57,000
-
B.
$45,000
-
C.
$42,000
-
D.
$39,000
Correct Answer: Option C
Explanation
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