Accounting 0452 · IGCSE · Manufacturing accounts

Manufacturing accounts — practice question

Tim began a manufacturing business on 1 January. He supplied the following details for his first year of trading. Closing inventory of finished goods: $2060$ Work in progress at the end: $1840$ Factory overheads total: $15530$ Prime cost total: $70570$ What did Tim’s cost of production come to?

  • A$82200$
  • B$84260$
  • C$86100$
  • D$87940$

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