Use the information below to answer question Stock of raw materials (1st January) N3000 Direct...
FINANCIAL
JAMB 2002
Use the information below to answer question
Stock of raw materials (1st January) N3000
Direct wages N2500
Direct expenses N1000
Factory overheads N2000
Cost of raw materials used N5500
Stock of finished goods (31st December) N2000
Determine the prime cost?
- A. N7500
- B. N6500
- C. N9000
- D. N8000
Correct Answer: C. N9000
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