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A manufacturing company in Gauteng provided the following data for January 2015 inventories Beginning End Rand Rand Raw material 52500 57000 Finished goods 55 500

A manufacturing company in Gauteng provided the following data for January 2015

inventories

Beginning

End

Rand

Rand

Raw material

52500

57000

Finished goods

55 500

66000

The following additional information is provided

Raw materials purchased during January 2015

R109 500

Cost of goods manufactured

R219000

What was the cost of the raw material used in production during January? Show all your calculations

What was the cost of goods sold for January 2015? Show all your calculations

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