GCEFinancial AccountingManufacturing Accounts2019

In a manufacturing account, the cost of goods manufactured is transferred to the:

AProfit and loss account
BTrading accountCORRECT
CBalance sheet
DFactory overhead account
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
The manufacturing account determines the cost of finished goods produced. This cost of production is then transferred to the trading account, where it replaces the purchases figure that a non-manufacturing firm would use to calculate cost of goods sold.
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