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Use the following information to answer the questions below A manufacturing ...

Use the following information to answer the questions below
A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.


The value of the closing stock of finished goods that would be shown in the balance sheet is
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  • A D37,800
  • B D 20,000
  • C D 19,800
  • D D 18,000
Correct Answer: Option C
Explanation:

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