Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 3 - No. 34)
What are the stages of manufacturing?
Raw Materials -> Work in Progress -> Finished Goods
Finished Goods -> Work in Progress -> Raw Materials
Work in Progress -> Raw Materials -> Finished Goods
Raw Materials -> Finished Goods -> Work in Progress
Explanation
The manufacturing process involves transforming raw materials into work in progress, and then into finished goods.
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