PT XYZ is a motorcycle manufacturer company. The company has two working processes Component Assembly and Final Assembly. Inventory in January 31 2019 and February 2019 was as follows: Tabel-1 Beginning and ending Inventory February 2019 WIP SMT Final Assembly In Final Assembly Materials Description Finished In SMT Finished Units Price SMT WIP floor Goods Floor Beginning Inventory Quantity (31 January 2019) 20,000 210,000,000,000 5,000 2,000 7,000 2,000 % Progress 100% 25% 100% 50% Ending Inventory (28 Quantity February 2019) 15,000 Unknown 3,000 4,000 6,000 2,000 % Progress 100% 50% 100% 50% In this period, the company bought materials 35.000 sets with price IDR 340.000.000, spend conversion cost for Component Assembly process IDR 405.000.000, spend conversion cost for Final Assembly IDR 200.000.000. Calculate Cost of Goods Sold in this period!

8) Mohsen Steel Ltd maintains its stores ledger on the FIFO. Following is a summary of the receipts and issues of raw materials during the month of May 2019: May 2019 01 Opening balance 300 units @ Rs. 15 per unit Material issue , 100 units. Material purchase, 400 units @ 25 per unit. Material issues, 500 units. Material requested form suppliers , 300 units Material purchase 200 units @ 29 per unit. Material issues , 150 units. Material purchase, 170 units @ 33 per unit. Material issue, 200 units. Material in hand 100 units. 06 08 13 15 22 25 27 29 31 Requirements: 1. Calculate Cost of goods issues? 2. Calculate Value of closing stock?

Make a system for recording the cost of raw materials using the complete Periodic method.

Bansal Industries at Ludhiana, Punjab manufactures Product X. On 1st January 2023, there were 500 unitsof finished productin stock. Otherstocks on 1st January 2023 were as under: Work in progress Rs. 5740 Raw materials Rs. 11,620 The information available from cost records for the year ended 31st December 2023 was as follows: Particulars Indirect labour Rs. Direct labour 12,160 32,640 Freight on Raw Materials purchased 5,570 Stock of Raw materials on 31-12-2023 9,640 Other FactoryExpenses 31,730 Work in progress on 31-12-2023 7,820 Sales 15,000 units Indirect Materials Total Manufacturing costs incurred 3,60,000 21,390 1,94,080