A manufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for prime costs for the period?
A manufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for prime costs for the period?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A manufacturing company makes cell phones. Conversion costs that change raw materials to became finished products cost N$669 000. The workers on the production line were paid N$350 000. The total costs at the manufacturing plant were N$849 000. Company had no opening or closing inventories of work-in-progress. What was the amount for prime costs for the period?
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