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Question 0

Use the information below to answer question

Stock of raw materials (1st January) N3000

Direct wages N2500

Direct expenses N1000

Factory overheads N2000

Cost of raw materials used N5500

Stock of finished goods (31st December) N2000

Determine the prime cost?

  • A.N7500
  • B.N6500
  • C.N9000
  • D.N8000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2002
Question no.
#0
Type
Objective
Previous · Q0The gross profit on manufactured goods is the difference between the cost of… Next · Q0 Stock or raw materials(1st January) 3000 Direct wages 2500 Direct expenses 1000…

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