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The manufacturing account is prepared to ascertain

The manufacturing account is prepared to ascertain
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Cost of goods sold
  • B Cost of production
  • C Gross profit
  • D Finished goods
Correct Answer: Option B
Explanation:
The manufacturing account forms an integral part of the revenue account of a manufacturing organization. It is prepared to ascertain 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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