Manufacturing a/c is prepared to ascertain _______.

cost of goods manufactured

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cost of goods sold

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cost of sales

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manufacturing margin

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Solution

The correct option is A cost of goods manufactured
Manufacturing a/c is prepared by the enterprise engaged in manufacturing activities. This financial statement does not show profit and loss figures but rather the cost of direct materials and labour. A manufacturing account also includes production overhead. Manufacturing a/c shows the cost of goods manufactured.

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