The following inventory data relates to XYZ Ltd: Requirements: (i) Determine raw materials purchases. (ii) Determine the
Question:
The following inventory data relates to XYZ Ltd:
Requirements:
(i) Determine raw materials purchases.
(ii) Determine the direct labour cost incurred.
(iii) Determine the cost of goods sold
Transcribed Image Text:
Finished goods Work-in-progress Raw materials Additional information: Cost of goods available for sale Total goods processed during the period Factory overheads Direct materials used Beginning Rs. 1,10,000 Rs. 70,000 Rs. 90,000 Inventories Ending 95,000 80,000 95,000 Rs. 6,84,000 Rs. 6,54,000 Rs. 1,67,000 Rs. 1,93,000
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