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Using the following cost information, what will be the value of prime cost: Raw Material: Opening Stock OMR 7,500 Closing Stock OMR 1,000 Finished Goods:

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Using the following cost information, what will be the value of prime cost: Raw Material: Opening Stock OMR 7,500 Closing Stock OMR 1,000 Finished Goods: Opening Stock OMR 1,500 Closing Stock of OMR 2,000 Raw Material purchased OMR 15,000 Indirect wages OMR 5,000 Indirect Expenses OMR 750 Admin Rent, rates and taxes OMR 2,000

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