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During 2020, Benson purchased Sh 960,000 of raw materials, incurred direct labour costs of Sh 200,000, and incurred manufacturing overhead totaling Sh 128,000. Determine the
During 2020, Benson purchased Sh 960,000 of raw materials, incurred direct labour costs of Sh 200,000, and incurred manufacturing overhead totaling Sh 128,000.
Determine the values in the table below. (Hint: Insert commas in all your answers, e.g. 100,000 or 12,000)
Cost of materials available | ||
Cost of materials used | ||
Cost of manufacture for the year | ||
Cost of goods manufactured | ||
Cost of goods available for sale | ||
Less closing finished goods stock | ||
Cost of goods sold |
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