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5. Cost of goods sold budget, fill in the missing numbers Embutidos Vallina SA has two direct-cost categories: direct materials and direct manufacturing labour. Its
5. Cost of goods sold budget, fill in the missing numbers Embutidos Vallina SA has two direct-cost categories: direct materials and direct manufacturing labour. Its single indirect-cost category (manufacturing overhead) is allocated on the basis of machine-hours. Numbers taken from the monthly budgets for June 2011 and November 2011 are as follows: June 2011 November 2011 Direct materials used ? 847 000 Opening finished goods stock 87 000 ? Closing finished goods stock ? 94 000 Direct manufacturing labour 481 000 389 000 Manufacturing overhead 772 000 ? Cost of goods manufactured 2 215 000 1 878 000 Cost of goods sold 2 189 0001 ? Cost of goods available for sale ? 1 949 000 Required: Fill in the missing numbers
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