Trump Ltd. is a manufacturing company and the costs data for the month of November 2021...
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Trump Ltd. is a manufacturing company and the costs data for the month of November 2021 is provided in the table below: Items Beginning raw material inventory Ending raw material inventory Beginning WIP inventory Ending WIP inventory Beginning finished goods inventory Ending finished goods inventory Sales Items 325,000 Accountant's salary 180,000 Freight out 86,000 Raw material purchase $ 12,000 19,000 81,000 25,000 39,000 20,000 Depreciation (1/3 shop & 2/3 factory) 40,000 35,000 Direct labor 52,000 Indirect labor 73,000 Indirect materials 900,000 Required: Using the information above calculate the Cost of Goods Manufactured for Trump Ltd. (Marks: 10) Trump Ltd. is a manufacturing company and the costs data for the month of November 2021 is provided in the table below: Items Beginning raw material inventory Ending raw material inventory Beginning WIP inventory Ending WIP inventory Beginning finished goods inventory Ending finished goods inventory Sales Items 325,000 Accountant's salary 180,000 Freight out 86,000 Raw material purchase $ 12,000 19,000 81,000 25,000 39,000 20,000 Depreciation (1/3 shop & 2/3 factory) 40,000 35,000 Direct labor 52,000 Indirect labor 73,000 Indirect materials 900,000 Required: Using the information above calculate the Cost of Goods Manufactured for Trump Ltd. (Marks: 10)
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To calculate the Cost of Goods Manufactured COGM for Trump Ltd we need to consider the following cos... View the full answer
Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
Posted Date:
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