WAEC - Accounts Principles Of Accounts (2020 - No. 23)

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 in the trading account is?

D37,800
D 20,000
D19,800
D 18,000.

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