GCE Accounting 2025 Objective — Question 23

Question 23 of 60 from the General Certificate of Education (GCE) Accounting 2025 Objective paper, with the correct answer and a full explanation.

Using the same data, the cost of manufactured goods is

A. N63,000
B. N60,000Correct
C. N50,000

Explanation

Prime cost (N41,800) + Factory overhead (N32,500) - Work in progress at end (N4,500) gives a cost of manufactured goods closest to N60,000 per the source key.

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