Goods are transferred from the Manufacturing Account to the Trading Account at factory cost of production plus
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Goods are transferred from the Manufacturing Account to the Trading Account at factory cost of production plus a mark-up of 20%.
The transfer prices of the closing stocks of finished goods were as follows.
What was the provision for unrealised profit charged against the profit for Year 3?
A. $400
B. $600
C. $720
D. $1200
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The closing stock of finished goods for Year 3 is valued at 45600 The markup on the cost of producti...View the full answer
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