WAEC Financial Accounting 1993 Question 46

Purchases: raw materials ₦20,000; finished goods ₦15,200
Stock 1/1/89: raw materials ₦3,000; work-in-progress ₦2,500
Wages: direct ₦22,800; indirect ₦7,200
Factory expenses: electricity ₦12,000; insurance ₦2,000
Stock 31/12/89: raw materials ₦4,000; work-in-progress ₦4,500

The prime cost is

1. A.₦49,000
2. B.₦45,800
3. C.₦43,800
4. D.₦41,800
5. E.₦38,800.