Accounting 0452 · IGCSE · Manufacturing accounts

Manufacturing accounts — practice question

Thembi makes wooden toys. She gave the following details for the financial year ending 31 August 2022. Prime cost was $35000, factory overheads were $17000, opening work in progress inventory was $1400 and closing inventory was $2300. What was the cost of production of finished goods?

  • A$49700
  • B$51100
  • C$52000
  • D$52900

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