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
In manufacturing account, the work-in-progress at the end of the year is
Which of the following is accounted for in receipts and payment account
Which of the following expenses relates to the profit and loss account of a manufacturing firm
i. Direct materials
ii.Direct labour
iii.Direct expenses
iv. Factory expenses
Prime cost consist of
