rd/ My courses / BUSS 104-2-20211 / General / Buss 104 Exam 1Time left 0:49:36- 10Raw material purchased OMR120000, closing stockraw material OMR23000,Paid freight charges OMRed8000 and wages paid to labor 40000 The prime cost is:d out ofO a.OMR134000g questionO b. None of the optionsO c. OMR142000O d. OMR 145000revious pageNext page70%w

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

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

Expert Solution

Step 1

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

= 120000-23000+8000

= 105000

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