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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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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