Q.2. The following information has been jaken from the job order cost systeni used by AADIL & CO. JOB # BALANCE JULY 1, 2006 PRODUCTION COST IN.JULY 21 Rs.140,000 108,000 30,000 50,000 --- -- 22 23 Rs.166,000 24 130,000 200,000 121,000 80,000 25 26 -- 27 OTUED IN ROD

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Q.2. The following information has been jaken from the job order cost system used by
AADIL & CO.
JOB #
BALANCE JULY 1, 2006 PRODUCTION COST IN JULY
21
Rs.140,000
108,000
30,000
50,000
--- --
22
23
Rs.166,000
24
130,000
200,000
121,000
80,000
25
26
27
OTHER INFORMATION:
During July Job # 23, 24 and 25 were completed and Job # 21, 22 and 23 were sold on
account at 25% above cost.
REQUIRED:
A- COMPUTE
1. Cost of finished goods inventory - beginning
2. Cost of gouds in proce:s inventory-beginning
3. Cost of finished goods inventory- ending
4. Cost of goods in process inventory-ending
5. Cost of goods manufactured
6. Cost of goods sold
7. Sales revenue
Transcribed Image Text:Q.2. The following information has been jaken from the job order cost system used by AADIL & CO. JOB # BALANCE JULY 1, 2006 PRODUCTION COST IN JULY 21 Rs.140,000 108,000 30,000 50,000 --- -- 22 23 Rs.166,000 24 130,000 200,000 121,000 80,000 25 26 27 OTHER INFORMATION: During July Job # 23, 24 and 25 were completed and Job # 21, 22 and 23 were sold on account at 25% above cost. REQUIRED: A- COMPUTE 1. Cost of finished goods inventory - beginning 2. Cost of gouds in proce:s inventory-beginning 3. Cost of finished goods inventory- ending 4. Cost of goods in process inventory-ending 5. Cost of goods manufactured 6. Cost of goods sold 7. Sales revenue
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