Use the following information to answer the given question
Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990
(begin{array}{c|c} text{Opening stock – Raw materials} & 42,000 \ text{Purchases – Raw materials} & 265,000 \ text{Outwards} & 13,000 \ text{Returns outwards} & 13,000 \ text{Depreciation – plant and Machinery} & 10,000 \ wages & 52,000 \ text{Closing stock – Raw materials} & 72,000 \ text{Direct expenses} & 11,000 \ text{Production Manager’s salaries} & 18,000 \ text{Factory rent} & 15,000end{array})
The prime cost is
Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990
(begin{array}{c|c} text{Opening stock – Raw materials} & 42,000 \ text{Purchases – Raw materials} & 265,000 \ text{Outwards} & 13,000 \ text{Returns outwards} & 13,000 \ text{Depreciation – plant and Machinery} & 10,000 \ wages & 52,000 \ text{Closing stock – Raw materials} & 72,000 \ text{Direct expenses} & 11,000 \ text{Production Manager’s salaries} & 18,000 \ text{Factory rent} & 15,000end{array})
The prime cost is
-
A.
N298,000 -
B.
N285,000 -
C.
N274,000 -
D.
N235,000 -
E.
N220,000