A fire destroyed XYZ manufacturing company completely on January 29, 2004.

Fortunately certain accounting records were kept in another building. It revealed the

following for the period from January 1, 2004 to January 29, 2004.

Direct material purchased

Br.160, 000

WIP January1

34,000

Direct material january1, 2004

16,000

Finished goods january1, 2004

30,000

MOH cost

40% of conversion cost

Revenue

500,000

Direct labor cost

180,000

Prime cost

294,000

Gross profit based on sales

20%

Cost of goods available for sale

450,000

Required:

a.

Direct material destroyed

b.

Cost of goods manufactured

c.

Finished goods destroyed

d.

WIP destroyed