Information from the records of Manufacturing Systems Pty Ltd for the year ended 30 June 2019 is
Question:
Information from the records of Manufacturing Systems Pty Ltd for the year ended 30 June 2019 is given below.
Required
(a) Calculate the ending work in process inventory on 30 June 2019.
Transcribed Image Text:
Factory overhead, 150% of direct material cost Direct labour Raw material inventory, 1/7/2018 Cost of goods manufactured Raw materials inventory, 30/6/2019 ? 120 000 65 000 2198 750 72 300 Work in process inventory, 1/7/2018 Raw materials purchased during the year 243 500 820 000
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ISBN: 9780730363224
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Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie
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