Accounts - Principles of Accounts
WAEC 2020
Use the following information to answer the questions below
A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.
The value of the closing stock of finished goods in the trading account is?
-
A.
D37,800
-
B.
D 20,000
-
C.
D19,800
-
D.
D 18,000.
Correct Answer: Option C
Explanation
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