O-LevelAccountingPreparation of financial statements7707/12 · May/June 2022 · Q251 Mark

A manufacturing company provided the following information. $ cost of production 345 000 finished goods 1 January 2021 42 000 31 December 2021 36 000 purchases of finished goods 15000 What was the cost of sales?

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A$324000

B$336000

C$351000

D$366 000

✓ Correct answer

D: $366 000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2022 Paper 1 Variant 2, question 25.

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A manufacturing company provided the following information. $ cost of production 345 000 finished goods 1 January 2021 42 000 31 December 2021 36 000 purchases of finished goods 15000 What was the cost of sales?

✓ Correct answer

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