1.36 4.6 Flow of manufacturing costs; incomplete data Conundrum Ltd manufactures furniture. Due to a fire in the administrative offices, the accounting records for November of the current year were partially destroyed. You have been able to plece together the following information from the ledger. Raw material inventory Accounts payable 40000 12000 Bal. 30/11 45000 Bal. 31/10 Work in process inventory Bal. 31/10 8000 Finished goods inventory Bal. 31/10 35000 Cost of goods sold Manufacturing overhead 60000 Sales revenue Wages payable 1500 Bal. 30/11 Accounts receivable Bal. 31/10 8000 By examining various source documents and interviewing several employees, you are able to gather the following additional information: Collection of accounts receivable during November amounts to $205000, All cales are on credit. Bal. 31/10 8000 By examining various source documents and interviewing several employees, you are able to gather the following additional information: Collection of accounts receivable during November amounts to $205000. Sales revenue in November is 120 per cent of cost of goods sold. All sales are on credit. Overhead is applied using an annual predetermined overhead rate based on direct labour hours. The budgeted overhead for the current year is $72 000 Budgeted direct labour cost for the current year is $960 000. The direct labour rate is $20 per hour. The accounts payable balance on 30 November is $1000. Only purchases of raw material are credited to accounts payable. A payment of $81 000 was made on 15 November. November's cost of goods sold amounts to $180 000. The 30 November balance in finished goods inventory is $5000. Payments of $79500 were made to direct labour employees during November. The 31 October balance in the wages payable account is $1000. The actual manufacturing overhead for November is $60000. An analysis of the furniture still in process on 30 November reveals that so far these items have required 500 hours of direct labour and $20 500 of direct material. Required: 1. Calculate the following amounts: (a) sales revenue for November (b) 30 November balance in accounts receivable (c) cost of raw material purchased during November (d) 30 November balance in work in process inventory 00:20