Problem number 2 The information below has been taken from the cost records of H Company for the past y Direct materials used Rs.1,250 Total manufacturing costs 6,050 Manufacturing overhead 2,800 Selling expenses 1,000 Prime Cost 270% of Purchases Direct materials inventory, January 1 130 Direct materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 80 250 400 300 Finished goods, December 31 200 Required: Compute the cost of Raw Material purchased. Compute the cost of direct labor for the year. Compute the Cost of Goods Manufactured for the year. Compute the Cost of Goods Sold for the year. a. b. с. d.
Problem number 2 The information below has been taken from the cost records of H Company for the past y Direct materials used Rs.1,250 Total manufacturing costs 6,050 Manufacturing overhead 2,800 Selling expenses 1,000 Prime Cost 270% of Purchases Direct materials inventory, January 1 130 Direct materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 80 250 400 300 Finished goods, December 31 200 Required: Compute the cost of Raw Material purchased. Compute the cost of direct labor for the year. Compute the Cost of Goods Manufactured for the year. Compute the Cost of Goods Sold for the year. a. b. с. d.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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