Accounts > 2020 > 26
WASSCE
Use the following information to answer questions 26 and 27
A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.
The value of closing stock of finished goods in the trading account is
A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.
The value of closing stock of finished goods in the trading account is
A.
D 37,800
B.
D 20,000
C.
D 19,800
D.
D 18,000
Answer: B
To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.
09037778195