Q.2. From the following information prepare a statement of cost: Inventories Opening (Tk) Closing (Tk) 10000 9000 12500 8500 Raw Materials Finished goods Raw
Q.2. From the following information prepare a statement of cost: Inventories Opening (Tk) Closing (Tk) 10000 9000 12500 8500 Raw Materials Finished goods Raw materials purchased Tk 250500. Direct labour cost Tk 120000. Factory overhead was 60% of direct labour cost. Administrative cost 10% of work cost. Selling expenses Tk 25500. Profit 25% on total sales.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The cost of goods manufactured and sold during the period was as follows Raw ...
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Step: 2
Step: 3
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Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
8th Edition
1259917029, 978-1259917028
