Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

explain in detail plz ! 15,000 > WIP 5) You have also been given the following information from the company, Sunspot Limited for the month

image text in transcribed
explain in detail plz !
15,000 > WIP 5) You have also been given the following information from the company, Sunspot Limited for the month of December 2019: $'000 Beginning raw materials inventory 5,000 Draw Ending raw materials inventory 10,000 Beginning work in process inventory Ending work in process inventory 24,000 Beginning finished goods inventory 20,000 FG Ending finished goods inventory 28,000 Purchases of raw materials 80,000 DM purchase Direct labor 10,000 DL Factory supplies 12,500 Commission paid 2,000 Advertising 2,225 Material handling 12,000 seni Factory insurance 3,000 OH Rental of place for New Year party of the factory 1,500 OH workers Depreciation of the factory building 2500 Packers' wages 2000 Factory janitors' wages 1500 OH 1/ sell sell OH sell Required: detailed answer? a) What was the value of cost of goods manufactured? Please show working clearly. b) What was the value of cost of goods sold? Please show working clearly

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

A Guide To Local Environmental Auditing

Authors: Hugh Barton; Noel Bruder

1st Edition

1853832340, 9781853832345

More Books

Students also viewed these Accounting questions

Question

What is the effect of word war second?

Answered: 1 week ago