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WAEC Financial Accounting 2026 Question 11

Question 11

Manufacturing Accounts

Use the following information to answer questions 11 and 12.
Prime cost: D 36,700
Factory overheads: D 6,600
Work-in-progress (1/1/2024): D 4,300
Work-in-progress (31/12/2024): D 3,600
Cost of goods sold: D 38,000
The cost of goods manufactured is

  1. A.D 51,200
  2. B.D 44,000
  3. C.D 43,300
  4. D.D 42,600
Show the answer and explanation

Answer: B (D 44,000)

Explanation

36,700 + 6,600 + 4,300 − 3,600 = D 44,000.