question_answer Discussion Board for a Question on Quiz: Accounts - Principles of account (WAEC 2010)

 

Use the following information to answer given question
[Math Processing Error]₦Opening stock of raw materials24,750Purchases of raw materials129,640Carriage on raw materials10,000Closing stock of raw materials45,000Factory supervisor's salary30,000Wages of factory hands50,000Royalties paid18,000Insurance of factories62,000Work-in-progress(opening)23,000Raw material returned12,200
The prime cost is