which uses a non integrated accounting system 610015

The following data have been taken from the books of CB plc, which uses a non-integrated accounting system:

Financial accounts £

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Cost accounts £

Opening stock of materials

5000

6400

Closing stock of materials

4000

5200

Opening stock of finished goods

9800

9600

Closing stock of finished goods

7900

7600

The effect of these stock valuation differences on the profit reported by the financial and cost accounting ledgers in that:

A the financial accounting profit is £300 greater than the cost accounting profit.

B the financial accounting profit is £2100 greater than the cost accounting profit.

C the cost accounting profit is £300 greater than the financial accounting profit.

D the cost accounting profit is £900 greater than the financial accounting profit.

E the cost accounting profit is £2100 greater than the financial accounting profit.

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