Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the answer as soon as possible E-9 The following information has been provided by S Manufacturing Company for the year ended 31* December-
I need the answer as soon as possible
E-9 The following information has been provided by S Manufacturing Company for the year ended 31* December- 2013: Purchase of Raw Materials Tk.2,60,000 Factory Insurance Tk.8,000 Rent- Factory Building Tk.90,000 Utilities-Factory Tk.52.000 Cleaning Supplies-Factory Tk.6.000 Depreciation-Factory Equipment | Tk. 1,10,000 Factory Maintenance Tk. 74,000 Direct Labour ? d) Inventory Balance Beginning Ending e) Raw Materials Tk.50,000 Tk.40,000 f) Work in process ? 33,000 g) Finished Goods 30,000 ? h) The total manufacturing cost for the year was Tk.6,75,000; the goods available for sale totaled Tk.7,20,000 and the cost of goods sold totaled Tk.6,35,000. Required: i) Prepare a Cost of Goods Sold Statement. ii) Suppose the company has produced 20,000 units in 2013 and find a. Unit cost of direct materials b. per unit factory rent. iii) If the company produce 30,000 units in 2014 a. What will be the unit cost of direct materials and total direct materialcost? b. What will be the unit cost of factory rent and total factory rentStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started