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3x4=12 (6) For each of the following independent situations, calculate the missing values: (1) The Chico plant purchased Tk. 275,000 of direct materials during May.
3x4=12 (6) For each of the following independent situations, calculate the missing values: (1) The Chico plant purchased Tk. 275,000 of direct materials during May. Beginning direct materials inventory was Tk. 16,000 and direct materials used in production were Tk. 200,000. What is ending direct materials inventory? (2) Landsman Company produced 10,000 units at an average cost of Tk. 6. The beginning inventory of finished goods was Tk. 3,510. (The average unit cost was Tk. 5.85.). Landsman sold 8,900 units. How many units remain in ending finished goods inventory? (3) If the conversion cost is Tk. 32 per unit, the prime cost is Tk. 19-50, and manufacturing cost per unit is Tk. 39-50, what is the direct materials cost per unit? (4) Total manufacturing costs for April were Tk. 156,900. Prime cost was Tk. 90,000 and beginning WIP was Tk. 60,000. The cost of goods manufactured was Tk. 125,000. Calculate the cost of overhead for April and the cost of ending WIP
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