The following information has been provided for Omega Ltd for June 2020. Raw materials inventory, June...

 

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The following information has been provided for Omega Ltd for June 2020. Raw materials inventory, June 1 80,000 Raw materials inventory, June 30 16,000 200,000 Raw materials purchases Direct labor cost Manufacturing overhead Work in process, June 1 Work in process, June 30 Finished goods, June 1 Finished goods, June 30 Cost of Goods Sold ? 24,000 80,000 (June 2020) 200,000 160,000 112,000 400,000 Required: From the available data, prepare a Schedule of Cost of Goods Manufactured for June 2020 for Omega Ltd. (Hint: You may need information on a partial income statement to complete the schedule). (3 marks) The following information has been provided for Omega Ltd for June 2020. Raw materials inventory, June 1 80,000 Raw materials inventory, June 30 16,000 200,000 Raw materials purchases Direct labor cost Manufacturing overhead Work in process, June 1 Work in process, June 30 Finished goods, June 1 Finished goods, June 30 Cost of Goods Sold ? 24,000 80,000 (June 2020) 200,000 160,000 112,000 400,000 Required: From the available data, prepare a Schedule of Cost of Goods Manufactured for June 2020 for Omega Ltd. (Hint: You may need information on a partial income statement to complete the schedule). (3 marks)

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Omega Ltd Schedule of Cost of Goods Manufactured For the year ended Ju... View the full answer