Use the following information to answer given q... - WAEC Accounting 2010 Question
Use the following information to answer given question
\(\begin{array}{c|c} & ₦ \ \hline \text{Opening stock of raw materials} & 24,750\ \text{Purchases of raw materials} & 129,640\ \text{Carriage on raw materials} & 10,000\ \text{Closing stock of raw materials} & 45,000 \ \text{Factory supervisor's salary} & 30,000\ \text{Wages of factory hands} & 50,000 \ \text{Royalties paid}& 18,000\ \text{Insurance of factories} & 62,000\ \text{Work-in-progress(opening)} & 23,000 \ \text{Raw material returned} & 12,200\end{array}\)
The prime cost is
\(\begin{array}{c|c} & ₦ \ \hline \text{Opening stock of raw materials} & 24,750\ \text{Purchases of raw materials} & 129,640\ \text{Carriage on raw materials} & 10,000\ \text{Closing stock of raw materials} & 45,000 \ \text{Factory supervisor's salary} & 30,000\ \text{Wages of factory hands} & 50,000 \ \text{Royalties paid}& 18,000\ \text{Insurance of factories} & 62,000\ \text{Work-in-progress(opening)} & 23,000 \ \text{Raw material returned} & 12,200\end{array}\)
The prime cost is
A
₦151,190
B
₦199,190
C
₦169,190
D
₦146,190
correct option: c
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