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 Don't use plagiarized sources. Get Your Custom Essay on what was the profit in the cost account 610016 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | 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
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