O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2018 · Q251 Mark

A manufacturing business provided the following information. $ prime cost 250 000 factory overhead expenses 50000 office and selling expenses 25000 work-in-progress at 1 January 1500 work-in-progress at 31 December 2500 What was the production cost of goods completed?

A$249000

B$299000

C$301000

D$324 000

✓ Correct answer

A: $249000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2018 Paper 1 Variant 1, question 25.

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A manufacturing business provided the following information. $ prime cost 250 000 factory overhead expenses 50000 office and selling expenses 25000 work-in-progress at 1 January 1500 work-in-progress at 31 December 2500 What was the production cost of goods completed?

✓ Correct answer

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