Question

Osprey Ltd. manufactures designer purses. During the year, it recorded direct materials used of $684,000. Total manufacturing costs of $1,482,000 were incurred during the year. Osprey uses one indirect cost pool for all overhead costs and allocates overhead at a rate of 60% of direct labour dollars.
REQUIRED
Prepare a Schedule of Cost of Goods Manufactured and Sold for the year. You will need to solve for the following unknowns:
a. Direct materials purchased.
b. Direct labour costs.
c. Manufacturing overhead allocated.
d. Cost of goods manufactured.
e. Cost of goods sold.


$1.99
Sales0
Views50
Comments0
  • CreatedJuly 31, 2015
  • Files Included
Post your question
5000