Following data is given for ABC Company: Cost of material used: Rs. 100,000 Cost of goods manufactured:
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Following data is given for ABC Company:
Cost of material used: Rs. 100,000
Cost of goods manufactured: Rs. 250,000
FOH is 50% of Direct Labor Cost.
Opening Inventory Closing Inventory
Raw material Rs. 100,000 Rs. 80,000
Work in process 45,000 35,000
Finished Goods 70,000 65,000
Prepare cost of goods sold statement
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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