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ScotlandAccountingQuick questions
Preparing Financial Accounting Information
Quick questions on Manufacturing accounts - SQA Higher Accounting
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Opening raw materials £6,000, purchases £40,000, closing raw materials £5,000. Calculate materials used. [2 marks]
What is q2?Show answer
Prime cost is £80,000 and factory overheads are £25,000. Opening WIP £3,000, closing WIP £2,000. Calculate the cost of goods manufactured.
What is q3?Show answer
State the three types of inventory a manufacturer holds. [1 mark]
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