Incomplete manufacturing cost data for Zhang Ltd. for 2020 are presented as follows for four different situations.
Question:
Incomplete manufacturing cost data for Zhang Ltd. for 2020 are presented as follows for four different situations.
Instructions
a. Indicate the missing amount for each letter.
b. Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2020.
Transcribed Image Text:
Cost of Total Manufac- Manufac- Direct Materials Goods Direct Labor Work in Work in turing turing Costs Process Process 12/31 Manufac- tured Used Used Overhead 1/1 HK$330,000 HK$(b) (d) 1. HK$1,170,000 HK$1,400,000 HK$ 870,000 HK$ (a) 2. HK$3,600,000 (c) 2,000,000 1,000,000 (g) 4,500,000 2,650,000 400,000 800,000 (h) 1,320,000 (e) 4,700,000 3. 4. 600,000 800,000 (f) 700,000 750,000 2,880,000 450,000 2,700,000
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a a HK1170000 HK1400000 HK870000 HK3440000 b HK3440000 HK330000 HK3600000 HK170000 c HK4500000 ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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