Please help me figure out how to compute this question.
Compute company's cost for January.
a) Prime cost
b) total manufacturing cost
c) Cost of Goods manufactured
d) Cost of good sold
e) Manufacturing account balance on Jan 31st
Direct material consumed 200000
Direct labour 300000
Prime cost 500000
Actual manufacturing overhead 175000
Total manufacturing cost 675000
Opening work in progress 237000
Closing work in progress 251000
Cost of goods manufactured 661000
Opening finished goods 124000
Closing finished goods 117000
Cost of goods sold 668000
Actual selling and administrative overhead 120000
Cost of sales 788000
Please help me figure out how to compute this question. Compute company's cost for January. a)...
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