first question

MANAGERIAL ACCOUNTING VARIANT 4 Question 1 4 marks A Corporation makes irrigation sprinkler systems for farmers. The new controller for the organization can find only partial information for the past year, which is presented below. Direct materials used Total manufacturing costs Manufacturing overhead Direct labor Ending Work in Process Inventory Cost of Goods Manufactured Beginning Work in Process Inventory Ending Finished Goods Inventory Beginning Finished Goods Inventory Cost of Goods Sold Required: a). Using the information given compute the unknown values b). Prepare a Statement of Cost of Goods Manufactured OWNNW-ow 3 marks Question 2 Explain the difference between a) Total Manufacturing Costs and b) Costs of Goods Manufactured by presenting the definition and showing the T-account where these values appear Question 3 3 marks Wright Company had, at the beginnin