Green Glass Ltd makes lamps using a Just-in-Time approach and uses backflush accounting to record costs.

In November Green Glass Ltd made and sold 40,000 lamps. Each lamp has a standard cost of £8.50 which includes raw materials of £7.00. Green Glass Ltd incurred total conversion costs of £62,500 during November.

What is the value of the cost of goods sold in November (rounded to the nearest £)?

Answer rating: 100% (QA)

The cost of goods sold in November would be 340000 40000 lamps x ... View the full answer