The manufacturing account is prepared to ascertain?

A. cost of goods sold
B. cost of production
C. Gross profit
D. Finished goods

Correct Answer: Option B

B. cost of production

Explanation

The manufacturing account forms an integral part of the revenue account of a manufacturing organization. It is prepared to ascertain the cost of the goods manufactured or to ascertain the amount of any profit on the manufacturing process i.e the cost of production.