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need solution of all the parts i.e. a,b,and c Question 3 Cancer Pty Ltd, a manufacturer of calculator, had the following inventory balances at the
need solution of all the parts i.e. a,b,and c
Question 3 Cancer Pty Ltd, a manufacturer of calculator, had the following inventory balances at the beginning and end of the year: Inventory classification 1 January 31 December Direct material $130,000 $140,000 Work-in-process 410,000 400,000 Finished goods 170,000 215,000 During the year, the company purchased $510,000 of direct material and spent $900,000 for direct labour. Manufacturing overhead costs were as follows: Indirect labour Depreciation on plant and equipment Utilities Others $ 45,000 210,000 69,000 71,000 Required: a) Prepare a schedule of cost of goods manufactured. b) Prepare a schedule of cost of goods sold c) Give one example of management accounting information that would be prepared on a regular basis, and one example of management accounting information that might be prepared on an ad hoc basisStep by Step Solution
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