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Illustration 1 Calculate prime cost from the following particulars for a production unit: Cost of material purchased $30,000 Opening stock of material $6,000 Closing stock

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Illustration 1 Calculate prime cost from the following particulars for a production unit: Cost of material purchased $30,000 Opening stock of material $6,000 Closing stock of material $4,000 Wages paid $3,000 Rent of hire of a special machine for production $5,000

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