O-LevelAccountingAccounting procedures7707/12 · May/June 2018 · Q271 Mark

A manufacturing business provided the following information. | | $ | |:---|:---| | prime cost | 30 500 | | factory overheads | 17200 | | cost of goods produced | 46000 | | office and selling expenses | 9500 | | opening work-in-progress | 5 100 | What was the value of the closing work-in-progress?

A$1700

B$3400

C$6800

D$16300

✓ Correct answer

C: $6800

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 27.

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