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Goods are transferred from the Manufacturing Account to the Trading Account at factory cost of production plus a mark-up of

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Goods are transferred from the Manufacturing Account to the Trading Account at factory cost of production plus a mark-up of 20%. 

The transfer prices of the closing stocks of finished goods were as follows.

What was the provision for unrealised profit charged against the profit for Year 3? 

A. $400 

B. $600 

C. $720 

D. $1200

Transcribed Image Text:

Year 1 Year 2 Year 3 $39 600 $42 000 $45 600

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Accounting A Level And AS Level

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Details
Chapter # 19- Manufacturing accounts
Section: MULTIPLE-CHOICE QUESTIONS
Problem: 1
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Question Posted: August 28, 2023 13:52:04
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