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Accounts (Principles of Accounts) · Manufacturing accounts

Accounts (Principles of Accounts)Manufacturing accountsJAMB

Extract from the books of Zenith Furniture Ltd: Direct materials used ₦120,000 · Direct labour ₦80,000 · Direct expenses ₦10,000 · Factory overheads ₦40,000 · Work in progress at start ₦15,000 · Work in progress at end ₦25,000

What is the prime cost?

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