Question
Inventory01 July 2017$ Raw Materials3,200 Factory Supplies2,400 Inventory30 June 2018 Raw Materials4,ooo Factory Supplies1,600 Work in Progress01 july 20187,200 Work in Progress30 june 201811,200 Duty
Inventory01 July 2017$
Raw Materials3,200
Factory Supplies2,400
Inventory30 June 2018
Raw Materials4,ooo
Factory Supplies1,600
Work in Progress01 july 20187,200
Work in Progress30 june 201811,200
Duty on Raw Materials3,200
Freight inwards3,600
Raw Materials purchases72,000
Factory Supplies purchased10,400
Direct Labour
Wages Paid67,600
Manufacturing Overhead
Insurance on Factory Machinery400
Factory Light and Power1,600
Factory Manager's salary12,000
Foreman's wages8,000
Other Indirect Labour6,400
Repairs to Factory Machinery2,ooo
Other Manufacturing Overhead14,000
How to create Manufacturing Statement using excel spreadsheet
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
4th edition
1259964957, 1260413985, 1260565440, 978-1260413984
