Use the following information to answer the given question.

\(\begin{array}{c|c} & & N \\ \hline \text{Purchases:} & \text{raw materials} & 20,000 \\ & \text{finished goods} & 15,200 \\ \text{Stock 1/1/89:} & \text{ raw materials} & 3,000 \\ & \text{work-in-progress} & 2,500 \\ Wages: & direct & 22,800 \\ & indirect & 7,200 \\ \text{Factory expenses:} & electricity & 12,000 \\ & insurance & 2,000 \\ \text{Stock 31/12/89:} & \text{raw materials} & 4,000 \\ & \text{work-in-progress} & 4,500\end{array}\)
The prime cost is

Similar Questions

Given: ................Cash Book........................ Capital..........N6,500........purchases....

The rule of accounting equation requires that account payable should be placed under ...

Which of the following is found in a Sales Ledger Account? ...

  Opening stock ₦ Department A B 100 800 ...

The two accounts that are normally opened in the head office when goods are transferred to a branch ...

\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...

In the preparation of bank reconciliation statement cheque are ...

A book that contains the account for the financial transactions of an organizations is the  ...

The capital employed is ...

Given Dept A Dept B Floor space 40meter square 60meter square  Machine hours 1200 140...