(a)[4]
Identify the costs that could be included in the inventory cost of work in progress.
(b)[8]
Prepare a manufacturing account for the year ended 31 December 2023.
(c)[8]
Prepare the statement of profit or loss for the year ended 31 December 2023.
(d)[5]
Advise the directors whether they should or should not incur expenditure on researching a new material. Justify your answer.