CSEC Principles of Accounts · January 2014 · Paper 2 · Question 5(b)(ii)

Balances for Blings & Tings Manufacturing for the year ended 30 November 2013: Carriage in on raw materials 2 000; Carriage out 800; Direct wages 60 000; Rent 36 000; Inventories at 1 Dec 2012: Raw materials 20 000, Finished goods 44 600, Work-in-progress 16 000; Purchases of raw materials 50 000; Returns in 900; Returns out 1 200; Sales 250 000; Factory overheads 14 800; Closing inventories at 30 Nov 2013: Raw materials 11 700, Finished goods 10 200, Work-in-progress $3 000. Rent is apportioned 1/5 to office space and 4/5 to factory manufacturing.

Calculate the Prime Cost for Blings & Tings Manufacturing for the year ended 30 November 2013.