Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Alpha Corporation manufactures car tyres. Alpha Corporationss accounting records show: $300 000 direct labour for the month to 31 January 2020 $400 000 direct materials

Alpha Corporation manufactures car tyres. Alpha Corporationss accounting records show:

  • $300 000 direct labour for the month to 31 January 2020
  • $400 000 direct materials purchased for the month to 31 January 2020
  • $200 000 total overhead incurred for the month to 31 January 2020
  • $50 000 direct materials on hand at 1 January 2020
  • $150 000 direct materials on hand at 31 January 2020
  • $25 000 work in progress inventory at 1 January 2020
  • $250 000 work in progress inventory at 31 January 2020

The cost of goods manufactured for the month of January 2020 is:

Select one:

$1100000

$900000

$800000

$700000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles Volume II

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

16th Canadian edition

978-1260305838

Students also viewed these Accounting questions