A-LevelAccountingPreparation of financial statements9706/12 · May/June 2015 · Q81 Mark

The following information is available. $ prime cost 400 000 factory overheads 220000 inventories: opening closing $ $ raw materials 25000 28 000 work-in-progress 46000 52000 finished goods 84000 72000 What is the cost of production?

A$611000

B$614000

C$620000

D$623000

✓ Correct answer

B: $614000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2015 Paper 1 Variant 2, question 8.

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