S. Samanyika Toy Products' Manufacturing Account for the year ended 31 December 2009 arrived at a prime cost of $93 600, total factory overheads of $99 800 (after adding indirect expenses), and a figure of $103 800 after adding opening work in progress. What was the total cost of production, after also deducting the closing work in progress of $11 500?

A$92 300

B$93 600

C$99 800

D$103 800

Explanation

$103 800 - $11 500 (closing work in progress) = $92 300.

Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, June 2014, Q3

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