what is Manufacturing account ?
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Manufacturing account is prepared to find out the cost of goods sold which includes direct expenses and it deals with raw materials and work in progress and not the finished goods.
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Manufacturing account is prepared to find out the cost of goods sold which includes direct expenses and it deals with raw materials and work in progress and not the finished goods. All the production expenses like depreciation on plant and machinery, salary to the factory manager, wages, etc are debited.
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