Information from the records of Manufacturing Systems Pty Ltd for the year ended 30 June 2016 is
Question:
Information from the records of Manufacturing Systems Pty Ltd for the year ended 30 June 2016 is given below.
Factory overhead, 150% of direct material cost Direct labour Raw material inventory, 1/7/15 Cost of goods manufactured Raw materials inventory, 30/6/16 Work in process inventory, 1/7/15 Raw materials purchased during the year | $ ? 120000 65000 2198750 72300 243500 820000 |
Required
Calculate the ending work in process inventory on 30 June 2016.
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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