The following inventories data relate to Bright Ltd. Inventories Beginning Ending Rs. Rs. Finished goods 55,000 47,500
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The following inventories data relate to Bright Ltd.
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Inventories Beginning Ending Rs. Rs. Finished goods 55,000 47,500 Work-in-progress 35,000 40,000 Raw materials 45,000 47,500 Additional information Rs. Cost of goods available for sale 3,42,000 Total goods processed during the period 3,27,000 Factory overheads 83,500 Direct materials used 96,500 Requirements: 1. Determine raw material purchases. 2. Determine the direct labour cost incurred. 3. Determine the cost of goods sold.
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