JAMB Accounting 2022 Objective — Question 32

Question 32 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.

32. The adjustment in value of work-in-process would be

A. (A) added to the cost of goods manufacturedCorrect
B. (B) deducted from the prime cost
C. (C) deducted from the factory overhead
D. (D) added to the prime cost

Explanation

The adjustment in the value of work-in-progress is added to the cost of goods manufactured.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2022 Objective More Accounting past papers