\(\begin{array}{c|c} & N \\ \hline \text{Opening stoc...
Use the following information to answer the given question
NOpening stock:- raw materials6,500-work-in-progress2,500Closing Stock:- raw materials4,000-work-in-progress1,000Purchases of raw materials12,500Manufacturing wages2,000Factory rent500
What is the prime cost?
N19,000
N18,000
N17,500
N17,000
Correct answer is D
No explanation has been provided for this answer.
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N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...