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I need the answer as soon as possible E-11 The following data are extracted from the books of WTP Company Description Amount (Taka) Direct materials
I need the answer as soon as possible
E-11 The following data are extracted from the books of WTP Company Description Amount (Taka) Direct materials Used 76000 Direct labor 60000 Factory Overhead 50000 Total manufacturing Costs (a) Beginning Work in process Inventory 10000 Ending Work in process Inventory (b) Sales 245000 Sales discounts 25000 Cost of goods manufactured 160000 Beginning Finished goods Inventory (c) Goods Available for Sale 180000 Cost of Goods Sold (d) Ending Finished Goods Inventory 34000 Gross Profit (e) Operating Expense 25000 Required: Net income (f) i) Find the missing figures as named a, b, c, d, e and f ii) Prepare a Cost of Goods Sold Statement. iii) Suppose the company has produced 15,000 units in 2014, find a. Unit cost of direct materials b. per unit factory maintenance. iv) If the company produce 20,000 units in 2015 a. What will be the unit cost of direct materials and total direct material cost? b. What will be the unit cost of factory overhead and total factory overheadStep by Step Solution
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