The understatement of closing value of work-in-process would have the effect of?
a
understating cost of goods manufactured
b
overstating prime cost of manufactured
c
overstating cost of goods manufactured
d
undersating prime cost of goods manufactured
Explanation
Correct Option
cNo explanation available
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Nwa-Teacher
12 years ago
Yes opt C here stil d rite ans b/c in manufac. a/c when u add openin stock of raw mat. Add purchse on raw-mat, Cariage in wards Less closin stock on raw-mat. Ad prime cost n fact3 ovahead add openin stock of wk-in-progres Less closin stock of wk-in-progres,den d efect will b Cost of manufactured/prod.Tanks stil cal me on 07037515020 or facebuk Agbo Anselem
