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Perek PLC has the following information of last year: Raw material used in production =326 Total manufacturing costs charged to production during the year (includes
Perek PLC has the following information of last year: Raw material used in production =326 Total manufacturing costs charged to production during the year (includes direct material, direct labour, and overhead equal to 60% of direct labour cost )=686 Cost of goods available for sale =826 Selling and admin expenses =25 Inventory raw material =75 beginning, 85 ending Inventory work in progress =80 beginning, 30 ending Inventory finished goods =90 beginning, 110 ending Calculate: 1. Direct labour cost charged to production during the year. 2. The cost of goods manufactured. 3. The cost of goods sold
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