The company Belera is a manufacturing company that produces special equipment. June 1, 2018 B/S shows the
Question:
The company Belera is a manufacturing company that produces special equipment. June 1, 2018 B/S shows the following balances:
Item Start
4.270 TL
Ministry of Health Application 32,740
SB Actual 36,650
The June 1, 2018 sub-ledgers (job cost tables) show that 3 jobs were performed with the following balances:
Allocated Costs DM DL SB
R 660 320 408
800 548 675
980 580 765
In June, RM purchases on the account were £4,940 and all salaries (including payroll taxes) were paid in cash. Additional SB depreciation has been calculated for the factory equipment of 900 TL, with miscellaneous production costs of 440 TL. A summary of MRSs and LTTs shows the following information.
Allocated Costs DM DL
R 870 850
K 2.000 870
S 560 360
L 1.300 1.260
R 360 390
General Use 1,500 1,208
SB charged jobs at a rate of 1.85 per TL of DL cost. R, S and L works were completed in June and a total of 19,400 TL was sold for cash.
a) Calculate the Work in Progress balance as of June 30.
b) Calculate the FG balance as of June 30.
c) Calculate the balance of the SB account as of June 30.
Quality Inspired Management The Key to Sustainability
ISBN: 978-0131197565
1st edition
Authors: Harold Aikens