(a)[4]
Identify which costs may form part of the inventory cost of work in progress.
(b)[8]
Prepare the manufacturing account for the year ending 31 December 2023.
(c)[8]
Prepare the statement of profit or loss for the year ending 31 December 2023.
(d)[5]
Advise the directors whether they should spend money on researching a new material or not. Justify your answer.