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.