Following are the particulars taken from the books of Keraniganj Manufacturing Company for the year ended...

 

Transcribed Image Text:

Following are the particulars taken from the books of Keraniganj Manufacturing Company for the year ended 31 December 2020: Raw materials purchased, Tk. 250,000; Labor, Tk. 150,000 (of which 80% is direct); Depreciation expense, Tk. 50,000 (of which 60% is factory-related); Selling expense, Tk. 40,000; Marketing expense, Tk. 30,000; Factory supplies, Tk. 20,000; Office supplies, Tk. 10,000; Supervisor's salary, Tk. 40,000; Factory utilities, Tk. 10,000; Other factory expenses, Tk. 20,000; Interest expense, Tk. 15,000; Sales revenue, Tk. 650,000; Sales discounts, Tk. 20,000. Inventories: Raw Materials Work-In-Process Finished Goods 1 January Tk. 60,000 40,000 50,000 31 December Tk. 70,000 30,000 80,000 Required: Prepare a Cost of Goods Sold Statement for Keraniganj Manufacturing Company for the year ended 31 December 2020. Following are the particulars taken from the books of Keraniganj Manufacturing Company for the year ended 31 December 2020: Raw materials purchased, Tk. 250,000; Labor, Tk. 150,000 (of which 80% is direct); Depreciation expense, Tk. 50,000 (of which 60% is factory-related); Selling expense, Tk. 40,000; Marketing expense, Tk. 30,000; Factory supplies, Tk. 20,000; Office supplies, Tk. 10,000; Supervisor's salary, Tk. 40,000; Factory utilities, Tk. 10,000; Other factory expenses, Tk. 20,000; Interest expense, Tk. 15,000; Sales revenue, Tk. 650,000; Sales discounts, Tk. 20,000. Inventories: Raw Materials Work-In-Process Finished Goods 1 January Tk. 60,000 40,000 50,000 31 December Tk. 70,000 30,000 80,000 Required: Prepare a Cost of Goods Sold Statement for Keraniganj Manufacturing Company for the year ended 31 December 2020.

Answer rating: 100% (QA)

Answer Amwer First Pre Pare Particulars Cost of goods manufactured schedule ... View the full answer