Which of the given statement(s) is(are) correct in the context of manufacturing account?
(i) A manufacturing Account is prepared for finding out the cost of goods produced (also called Cost of Production)
(ii) Sale of scrap and the closing work-in-progress are shown on the credit side of the manufacturing Account .

A

Both (i) and (ii)

B

Only (ii)

C

Neither (i) nor (ii)

D

Only (i)