O-LevelAccountingAccounting procedures7707/13 · Oct/Nov 2022 · Q291 Mark

Thembi manufactures wooden toys. She provided the following information for the financial year ended 31 August 2022. prime cost $35000 factory overheads $17000 work in progress: opening inventory $1400 closing inventory $2300 What was the cost of production of finished goods?

A$49 700

B$51 100

C$52000

D$52900

✓ Correct answer

B: $51 100

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 29.

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