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galactic ltd cost of goods sold for June was $690 000. work in process inventory on 30 June as 90 per cent of the 1

galactic ltd cost of goods sold for June was $690 000. work in process inventory on 30 June as 90 per cent of the 1 June work in process inventory. manufacturing overhead applied was 50% of direct material labour cost. Other information relating to the company's inventories and production for June is as follows:

beginning inventories, 1 June: $

Raw material                                                        34 000

work in process                                                   80 000

Finished goods 204 000

Purchased of raw material during June          226 000

Ending inventory, 30 June:

Raw material                                                       52 000

Work in process xxx

Finished goods                                                   210 000

required

  1. create a schedule of cost of goods manufactured for June.
  2. Create a schedule to calculate the prime cost (direct material and direct labour) incurred during June.
  3. Prepared a schedule to calculate the conversion cost (direct labour and manufacturing overhead) charged to work in process during June.

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