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.

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

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

Explanation

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

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