The manufacturing account is prepared to ascertain
FINANCIAL
JAMB 2019
The manufacturing account is prepared to ascertain
- A. cost of goods sold
- B. cost of production
- C. Gross profit
- D. Finished goods
Correct Answer: B. cost of production
Explanation
The manufacturing account forms an integral part of the revenue account of a manufacturing organization. It is prepared to know the cost of the goods manufactured or to ascertain the amount of any profit on the manufacturing process i.e the cost of production.
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