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In manufacturing account, the work-in-progress at the end of the year is

In manufacturing account, the work-in-progress at the end of the year is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Deducted from the cost of goods completed during this year
  • B Added to the cost of goods completed
  • C Stated in the profit and loss account
  • D Stated in the prime cost section
Correct Answer: Option A
Explanation:
Work in progress for the year is gotten by =Â WIPÂ beginning balance + manufacturing costs - the cost of goods completed.

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