The understatement of closing value of work-in-process would have the effect of?

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Accounts - Principles of Accounts JAMB 1997

The understatement of closing value of work-in-process would have the effect of?

  • understating cost of goods manufactured
  • overstating prime cost of manufactured
  • overstating cost of goods manufactured checkmark
  • undersating prime cost of goods manufactured

The correct answer is: C

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