Use the following information to answer the given question (begin{array}{c|c} & N \ hline text{Opening…

Use the following information to answer the given question
(begin{array}{c|c} & N \ hline text{Opening stock of raw materials} & 8,000\ text{Purchases} & 45,000 \ text{Closing stock of raw materials} & 9,500 \ text{Direct wages} & 6,450 \ text{Indirect wages} & 2,800 \ text{Depreciation – Plant and Machinery} & 3,200 \ text{Factory rents and rates} & 350 \ text{Opening work-in-progress} & 3,250 \ text{Closing work-in-progress} & 3,750end{array})
Prime cost is N53,000
  • A.
    N53,000
  • B.
    N52,750
  • C.
    N49,950
  • D.
    N46,300
Correct Answer: Option C
Explanation
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