You have the following information regarding the Al-Khairat Agricultural Company for the year 2019, which raises work
Question:
You have the following information regarding the Al-Khairat Agricultural Company for the year 2019, which raises work livestock, as follows: 1- The balance of the first period of work cattle reached 960,000 dinars and represents the cost of (75) head. 2- (30) heads of work cattle were purchased during the period with a total value of (240,000) dinars. 3- The births of working cattle during the period (15), at a cost of 24,000 dinars. 4- (24) heads of work cattle were sold to others during the period with a value of (255,000). 5- The total number of dead during the period of work cattle was (14) heads, of which 10 were unusual dead heads. 6- Work cattle are consumed annually at a rate of 20,000 dinars, and the company uses the direct method for recording consumption 7- The balance of the last period of work cattle reached (82) heads. The following additional information was available to you: A- The value of feed consumed for livestock is 37,000 dinars .. The workers ’wages are 75,000 dinars, the rent for the barn building is 37,000 dinars and other expenses are 300,000 dinars - The veterinarian's care costs are 160,200 dinars, and the share of newborns of these expenses is 28,500 dinars. B . The value of fertilizer sold amounted to 23,000 dinars, and the value of milk sold was 28,850 dinars.
What is required: - As an accountant in the company’s farm, you are asked to calculate the cost of animal work, noting that the farm used livestock to work in the citrus grove at a rate of (40) hours and in the palm grove at a rate of (70) hours and that the administration adopts the basis of working hours to distribute the cost of animal labor. And the orchards are in the process of construction and training. * Full The total cost (value) that appears in the labor cattle is shown at a value ???
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon