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Mon Inc. a manufacturer of jewellery reported the following last month Assembly line, jewellery manufacturing salaries 19,000 Finished goods inventory, beginning 18,000 Finished goods inventory,
Mon Inc. a manufacturer of jewellery reported the following last month | |
Assembly line, jewellery manufacturing salaries | 19,000 |
Finished goods inventory, beginning | 18,000 |
Finished goods inventory, ending | 21,000 |
General & administrative expenses | 21,000 |
Indirect materials requisitioned to factory | 17,200 |
Production Supervisor, Salary | 19,000 |
Purchases of raw materials | 28,550 |
Raw materials inventory, ending | 19,750 |
Raw materials inventory, beginning | 17,250 |
Rent on production factory | 17,500 |
Rent, retail store | 19,500 |
Sales | 215,000 |
Utilities on manufacturing factory | 17,150 |
Utilities, retail store | 16,750 |
Wages, retail staff | 19,000 |
WIP inventory, beginning | 19,000 |
WIP inventory, ending | 22,000 |
Assume the Manufacturing Overhead is perfectly applied. Answer the following questions. NO COMMAs, NO $
What is the cost of raw materials used in production?
What is Direct Labour?
What is Manufacturing Overhead?
What is the Total Manufacturing Costs?
What is the Cost of Goods Manufactured?
What is the Cost of Goods Sold?
What is Net Income?
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