According to the information given in the table below,which of the following is Cost of Goods Sold?Cost of Production205000Opening stock of WIP38000Opening stock of FGClosing stock of WIPClosing stock of FGTotal production units1900023000500 units2000Select one:a. 201000O b. 189000O c. 184000O d. 193000

Cost of Production per unit = 220,000 / 2,000 = 110…

According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 205000 Opening stock of WIP Opening stock of FG Closing stock of WIP Closing stock of FG Total production units 38000 19000 23000 500 units 2000

According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 205000 Opening stock of WIP Opening stock of FG Closing stock of WIP Closing stock of FG Total production units 38000 19000 23000 500 units 2000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

According to the information given in the table below,
which of the following is Cost of Goods Sold?
Cost of Production
205000
Opening stock of WIP
38000
Opening stock of FG
Closing stock of WIP
Closing stock of FG
Total production units
19000
23000
500 units
2000
Select one:
a. 201000
O b. 189000
O c. 184000
O d. 193000

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