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An analysis of one month s activity at Goliath Machineworks Ltd . revealed the following costs: Indirect materials $ 3 0 0 Rent for factory
An analysis of one months activity at Goliath Machineworks Ltd revealed the following costs:
Indirect materials
$
Rent for factory building
$
Maintenance of equipment
$
Direct material used
$
Utilities for factory
$
Direct labour
$
Selling expenses
$
Administrative expenses
$
Workinprocess inventory, beginning
$
Workinprocess inventory, ending
$
Finished goods inventory, beginning
$
Finished goods inventory, ending
$
Perform the following tasks:
Prepare a proper schedule report of the cost of manufactured goods.
Calculate the cost of sold goods.
If Goliath Machineworks Ltd manufactured units during this month, determine the average cost of direct materials per unit. Calculate the average rent cost per unit on the plant facility.
Goliath Machineworks Ltd wants to manufacture units next month. What is the new average cost per unit and total cost you would expect for direct materials? What would be the average cost per unit and total cost for rent?
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