O-LevelAccountingAccounting procedures7707/12 · May/June 2014 · Q251 Mark

The work in progress of ZT Manufacturers on 1 January was valued at $6200. At the end of the year it was valued at $5400. What was the effect on the cost of production for the year?

Adecrease $800

Bdecrease $11600

Cincrease $800

Dincrease $11600

✓ Correct answer

C: increase $800

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 25.

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