An account which contains full information about the cost of goods manufactured is termed as manufacturing account.A concern which converts the raw materials into finished goods is required to find out the cost of goods manufactured besides its gross and net profits.Such a concern first prepares manufacturing account and then prepares the trading and profit&loss account.Thus the main objects of manufacturing account are
(1) To ascertain the cost of finished goods produced
(2) To show the constituent items thereof
(1) To ascertain the cost of finished goods produced
(2) To show the constituent items thereof
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