The addition of prime cost, indirect cost and opening work-in-progress less the closing work-in-progress will result in cost of

Opening stock of raw materials - #75,000
Purchase of raw materials - #330,000
Closing stock of raw materials - #80,000
Direct wages - #30,000
Carriages of raw materials - #10,000

Calculate the cost of raw materials used

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