O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2017 · Q271 Mark

A manufacturer provided the following information at the end of his financial year. Prime cost $98400 Factory overheads $17800 Work in progress at start of year $6300 Work in progress at end of year $7600 What was the cost of production for the year?

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A$79300

B$81900

C$114900

D$117500

✓ Correct answer

C: $114900

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 27.

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A manufacturer provided the following information at the end of his financial year. Prime cost $98400 Factory overheads $17800 Work in progress at start of year $6300 Work in progress at end of year $7600 What was the cost of production for the year?

✓ Correct answer

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