A manufacturing company's cost of production was D 200,000. The finished goods were transferred to the warehouse at D 220,000. At the end of the year, 9% of these goods were still in stock.
The value of the closing stock of finished goods that would be shown in the balance sheet is
D37,800
D20,000
D19,800
D18,000
Correct answer is C
No explanation has been provided for this answer.