A company is operating an integrated accounting system and at the beginning of a financial period the
Question:
A company is operating an integrated accounting system and at the beginning of a financial period the opening balances are:
During the financial period the following transactions take place:
Notes:
(a) Depreciation is charged at 2% of cost.
(b) Production overhead was absorbed at 150% of direct wages incurred .
(e) Work in progress was valued at the end of the period at [100.
(d) Adm inistration and selling overheads incurred are charged in full.
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