Below is selected financial data extracted from the accounting records of Wilson Manufacturing Pty Ltd for the year ended 30 June 2016. Beginning work in process Ending work in process Beginning raw materials Ending raw materials Indirect materials Purchases of raw materials Direct labour Indirect labour Sundry factory overhead $362 600 452 200 263 600 Cost of goods manufactured 195 400 342 000 1 546 000 403 550 123 800 1 551 950 0 Required A. Prepare a cost of goods manufactured statement for the year ended 30 June 2016.

Below is selected financial data extracted from the accounting records of Wilson Manufacturing Pty Ltd for the year ended 30 June 2016. Beginning work in process Ending work in process Beginning raw materials Ending raw materials Indirect materials Purchases of raw materials Direct labour Indirect labour Sundry factory overhead $362 600 452 200 263 600 Cost of goods manufactured 195 400 342 000 1 546 000 403 550 123 800 1 551 950 0 Required A. Prepare a cost of goods manufactured statement for the year ended 30 June 2016.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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