In manufacturing account, the work-in-progress at the end of the year is

In manufacturing account, the work-in-progress at the end of the year is

A deducted from the cost of goods completed during this year
B added to the cost of goods completed
C stated in the profit and loss account
D stated in the prime cost section

jamb 2013 accounting

The correct answer is A. deducted from the cost of goods completed during this year

Work in progress for the year is gotten by = WIP beginning balance + manufacturing costs - the cost of goods completed.

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