Ans: Cost of Goods Manufactured
Particulars | Amount($) | Amount($) |
Materials Consumed: | ||
Beginning direct Materials Inventory | 17,750 | |
Add: Purchases | 60,000 | |
Less: Ending direct materials Inventory | (8,000) | |
Materials Consumed | 69,750 | |
Direct Labor(Given) | 28,000 | |
Factory Overhead: | ||
Factory Supervisor Salary | 5,750 | |
Factory utility Costs | 1,200 | |
Factory Rent | 17,750 | |
Total factory Overhead | 24,700 | |
Total {Direct materials+ factory overhead+ Direct labor} | 122,450 | |
Add: Beginning Work in Process Inventory | 2,850 | |
Less: Ending Work in Process Inventory | (3,500) | (650) |
Total Cost of Goods Manufactured | 121,800 |
Question 3: Excellence Ltd. has the below inventory balances and other information at the end of...
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Question 3: Excellence Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory $ $ 17 750 00 2,850.00 4,200.00 $ $ $ 8,000.00 3,500.00 3800.00 $ Other information Purchase of Direct Material Factory Supervisor Salarios Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ 60,000.00 $ 5750.00 $ 7,250.00 $ 140000 $ 115,000.00 $ 1,200.00...
Question 3: Access Ltd has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material Working in Process Inventory Finished Goods Inventory $ $ $ 15,750.00 2,850.00 2,200.00 $ $ $ 8,000.00 3,500.00 3,800.00 $ $ Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ $ 50,000.00 5,750.00 7.250,00 1.400.00 115,000.00 1.200,00 17.750,00 26,000.00 $ $...
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Help abri (Body) Open in Desktop App Ι I U ON A A Tell me what you want to do 16 V A A B Question 3: Evet Success Ltd. has the below inventory balances and other information at the end of Dec 2019. Balances Beginning Ending Direct Material $ 11,750.00 $ 8,000.00 Working in Process Inventory $ 1,850.00 $ 3,500.00 Finished Goods Inventory $ 1,200.00 $ 3,800.00 Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and...
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