Information from the records of Smart Manufacturing Systems Pty Ltd for the year ended 30 June 2016

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Information from the records of Smart Manufacturing Systems Pty Ltd for the year ended 30 June 2016 is given below.

Factory overhead, 200% of direct labour cost

Raw materials inventory, 1 July 2015

Cost of goods manufactured

Raw materials inventory, 30 June 2016

Work in process inventory, 30 June 2016

Raw materials purchased during the year

$240000

24000

620800

25500

50500

210000

Required

Calculate the cost of work in process inventory on 1 July 2015.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 19, 2019 10:28 AM

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Information from the records of Smart Manufacturing Systems Pty Ltd for the year ended 30 June 2016

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Accounting

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