Given:
Stock at start:
Raw materials................N57,000
Work-in-progress.............N42,000
Finished goods...............N71,000
Purchase of raw materials amount to N81,000, direct labour is N38,000 and factory overhead N29,000.
Calculate the prime cost?
N176,000
N170,000
N167,000
N156,000
Correct answer is A
No explanation has been provided for this answer.