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The following cost data were taken from the book of XYZ Company: Depreciation of Factory Equipment 1,000 Depreciation on Sales office 500 Advertising 7,000 Shipping
The following cost data were taken from the book of XYZ Company:
Depreciation of Factory Equipment 1,000
Depreciation on Sales office 500
Advertising 7,000
Shipping Costs 3,000
Wages of production workers 28,000
Raw Materials used 47,000
Sales Salaries 10,000
Factory Rent 2,000
Factory Insurance 500
Freight in of Raw Materials 1,500
Administrative Salaries 2,000
Based on above information, how much was the prime costs?
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