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Match the stage to its adjustment

Exercise and reference answers

Matching pairs
  1. Left
    Prime Cost
    Right
    Direct material, labour and expenses
  2. Left
    Cost of Production
    Right
    Prime cost plus factory and admin
  3. Left
    Cost of Goods Sold
    Right
    Adjust finished goods stock
  4. Left
    Cost of Sales
    Right
    Add selling and distribution cost
Instructions
Tap a cost stage, then the adjustment that produces it.

Explanation

_Source: ICAI CA Inter Cost and Management Accounting, Ch6 'Cost Sheet', 6.3.3 and 6.3.4_
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