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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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