Raw material purchased OMR120000, closing stock raw material OMR23000,Paid freight charges OMR 8000 and wages paid to labor 40000 The prime cost is: O a. OMR134000 O b. None of the options O c. OMR142000 O d. OMR 145000

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Chapter1: Financial Statements And Business Decisions
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rd/ My courses / BUSS 104-2-20211 / General / Buss 104 Exam 1
Time left 0:49:36
- 10
Raw material purchased OMR120000, closing stock
raw material OMR23000,Paid freight charges OMR
ed
8000 and wages paid to labor 40000 The prime cost is:
d out of
O a.
OMR134000
g question
O b. None of the options
O c. OMR142000
O d. OMR 145000
revious page
Next page
70%
w
Transcribed Image Text:rd/ My courses / BUSS 104-2-20211 / General / Buss 104 Exam 1 Time left 0:49:36 - 10 Raw material purchased OMR120000, closing stock raw material OMR23000,Paid freight charges OMR ed 8000 and wages paid to labor 40000 The prime cost is: d out of O a. OMR134000 g question O b. None of the options O c. OMR142000 O d. OMR 145000 revious page Next page 70% w
Expert Solution
Step 1

Cost of Raw material used = Purchases - closing stock + freight

= 120000-23000+8000

= 105000

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