Question 1 Report
₦ |
|
Manufacturing wages |
42000 |
Factory rent |
880 |
Raw materials: Stock 1/1/16 |
1000 |
Purchases |
16000 |
Stock 31/12/16 |
1400 |
Depreciation of Plants and Machinery |
800 |
Royalties |
300 |
Indirect wages |
18,000 |
General indirect expenses |
620 |
The prime cost is