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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbae115ee-3d34-4899-a293-bdf4e542b39f%2F5da54569-c8f5-47c1-bffd-91193007cc8c%2Fnz7jfwki_processed.jpeg&w=3840&q=75)
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
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Cost of Raw material used = Purchases - closing stock + freight
= 120000-23000+8000
= 105000
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Solved in 2 steps
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