Homework Answers
Please find chart in image.
| 1 | Raw material avaiable for use | |
| Beginning Raw materials = | 153000 | |
| Add | Raw material purchases = | 562000 |
| $ 7,15,000.00 | ||
| 2 | Direct material used in production | |
| Raw material avaiable for use = | 715000 | |
| Less | Endding Inventory = | -190000 |
| $ 5,25,000.00 | ||
| 3 | Total work in progress | |
| Beginning work in progress = | 92000 | |
| Add | Direct material used | 525000 |
| Add | Direct labour used = | 380000 |
| Add | Factory overhead = | 780000 |
| $ 17,77,000.00 | ||
| 4 | Ending work in progress | |
| Total work in progress = | 1777000 | |
| Less | Finished goods manufactured = | -1601000 |
| $ 1,76,000.00 | ||
| 5 | Befinning Finished goods inventory | |
| Finished goods avaible for sale = | 1744000 | |
| Less | Finished goods manufactured = | -1601000 |
| $ 1,43,000.00 | ||
| 6 | Finished goods sold | |
| Befinning Finished goods inventory = | 143000 | |
| Add | Finished goods avaible for sale = | 1744000 |
| Less | Ening finished goods inventory = | -140700 |
| $ 17,46,300.00 |
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