The profits shown in the financial accounts was £158 500 but the cost accounts showed a different figure. The following stock valuations were used:
|
Stock valuations |
Cost accounts |
Financial accounts |
|
(£) |
(£) |
|
|
Opening stock |
35 260 |
41 735 |
|
Closing stock |
68 490 |
57 336 |
What was the profit in the cost account?
A £163 179
B £140 871
C £176 129
D £153 821