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Financial and managerial accounting Q4. The following data were extracted from the trial balance of ABC manufacturing company on Jan 1* 2019: Cost elements Cost

Financial and managerial accounting

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Q4. The following data were extracted from the trial balance of ABC manufacturing company on Jan 1* 2019: Cost elements Cost Cost elements Cost DM beginning balance 100,000 DM purchased 500,000 DM ending balance 80,000 Direct labor 340,000 WIP beginning balance 40,000 Indirect labor 110,000 WIP ending balance 60,000 Indirect material used 60,000 FG beginning balance 250,000 Factory depreciation 75,000 FG ending balance 210,000 Offices depreciations 15,000 Advertising expenses 140,000 Machines lubricants 12,000 Offices utilities 10,000 Factory utilities 18,000 Machines insurance 8,000 Factory rent 35,000 Required: prepare the cost goods manufactured schedule

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