Question
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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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
