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Calculate Prime Cost, Factory Cost, Cost of Production, Cost of sales and Profit from the following details: Direct Material SR 8,000 Direct Labor SR 4,000

Calculate Prime Cost, Factory Cost, Cost of Production, Cost of sales and Profit from the following details:

Direct Material

SR 8,000

Direct Labor

SR 4,000

Freight charges

SR 3,000

Factory Expenses

SR 2,500

Administrative Expenses

SR 1,500

Selling Expenses

SR 2,500

Sales

SR 25,000

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