Below is selected financial data extracted from the accounting records of Wilson Manufacturing Pty Ltd for the year ended 30 June 2019.

Required

(a) Prepare a cost of goods manufactured statement for the year ended 30 June 2019.

(b) Calculate ratios of each of the major manufacturing costs to the total manufacturing costs for the period.

(c) Using your answers to requirement

(b) and the business insight ‘The mix of production costs’
earlier in the chapter, explain whether the mix of costs reflects a 1950s production technique or one from the 2000s.

Transcribed Image Text:

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 195400 342 000 1 546 000 403 550 123 800 1 551 950