A-LevelAccountingPreparation of financial statements9706/12 · May/June 2011 · Q151 Mark

A manufacturing company has the following balances at its year end. $ closing inventory of raw materials 24 500 direct manufacturing wages 162 800 purchases of raw materials 85 200 supervisors' wages 44 000 opening inventory of raw materials 27 800 What is the prime cost for the year?

A$244 700

B$248 000

C$251 300

D$295 300

✓ Correct answer

C: $251 300

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2011 Paper 1 Variant 2, question 15.

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A manufacturing company has the following balances at its year end. $ closing inventory of raw materials 24 500 direct manufacturing wages 162 800 purchases of raw materials 85 200 supervisors' wages 44 000 opening inventory of raw materials 27 800 What is the prime cost for the year?

✓ Correct answer

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