The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance
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Question:
The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance for the period ended on December 31, 2016 as under:
| Rupees |
Material Consumed | 30% of direct labourcost |
Factory overhead | 60% of direct labourcost |
Finished goods – Beginning | 49,000 |
Finished goods – Ending | 68,000 |
Work in process – Beginning | 42,000 |
Work in process – Ending | 51,300 |
Materials – Beginning | 29,500 |
Materials – Ending | 25,810 |
Cost of goods manufactured | 460,000 |
Required: Prepare Cost of Good Manufacture Statement
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1260565485
9th edition
Authors: Thomas P Edmonds, Philip R Olds, Bor-Yi Tsay
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