Accounts (Principles of Accounts)Manufacturing accountsWAEC
Prime cost ₦200,000; factory overheads ₦50,000; opening work in progress ₦10,000; closing work in progress ₦15,000. Cost of production is
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Answer: A. ₦245,000
200 + 50 + 10 − 15 (thousand).
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.