The addition of prime cost and factory overhead is
...The addition of prime cost and factory overhead is
Total factory overheads
Market value of goods produced
Cost of goods produced
Work-in-progress
Correct answer is C
The cost of goods manufactured equation is calculated by adding the total manufacturing costs; including all direct materials, direct labor (prime cost) and factory overhead; to the beginning work in process inventory and subtracting the ending goods in process inventory.
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