1. Calculate the cost of goods sold using the following information: Direct materials ps 299,300 Direct labour...
Fantastic news! We've Found the answer you've been seeking!
Question:
1. Calculate the cost of goods sold using the following information:
Direct materials | ps | 299,300 | |
Direct labour | 132,800 | ||
Factory overhead costs | 264,800 | ||
General and adminsitrative expenses | 86,300 | ||
selling expenses | 49,600 | ||
Work-in-Process Inventory, January 1 | 119,300 | ||
Work-in-Process Inventory, December 31 | 126,700 | ||
Finished Goods Inventory, January 1 | 232,900 | ||
Finished Goods Inventory, December 31 | 239,500 | ||
2. Using the following information, calculate the cost of goods sold for the period:
Sales revenue for the period | ps | 1,324,000 | |
Operating expenses for the period | 259,000 | ||
Finished Goods Inventory, January 1 | 56,000 | ||
Finished Goods Inventory, December 31 | 61,000 | ||
Cost of goods manufactured for the period. | 560.000 | ||
Related Book For
Posted Date: