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Find net works cost raw material WIP opening stock $ 10,110 7,550 closing stock $ 15,000 6,00 raw material purchased $40,000 wages to Labour $20,000
Find net works cost
| raw material | WIP | |
| opening stock $ | 10,110 | 7,550 |
| closing stock $ | 15,000 | 6,00 |
| raw material purchased | $40,000 |
| wages to Labour | $20,000 |
| Defective material returned | $2,110 |
| Direct Machine cost | $5,000 |
| factory power | $4,500 |
| factory rent | $3,000 |
| factory building depreciation | $1,500 |
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CISA Certified Information Systems Auditor Bundle
Authors: Peter H. Gregory
1st Edition
1260459861, 978-1260459869
