₦
Manufacturing wages
Factory rent
Raw materials: Stock 1/1/16
Purchases
Stock 31/12/16
Depreciation of Plants and Machinery
Royalties
Indirect wages
General indirect expenses
The prime cost is
₦57,900
₦42,000
₦45,000
₦78,200
Correct answer is A
Prime cost = Cost of raw materials consumed + Manufacturing wages + Royalties
= 15600 + 42000 + 300
= ₦57,900
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