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Problem 2 - 1 7 Given Data: The following information pertains to the most recent quarter at Precious Production Limited. PRECIOUS PRODUCTION LIMITED Purchases of

Problem 2-17
Given Data:
The following information pertains to the most recent quarter at Precious Production Limited.
PRECIOUS PRODUCTION LIMITED
Purchases of raw materials
Raw materials inventory, beginning
Raw materials inventory, ending
Depreciation, factory
Insurance, factory
Direct labour
Maintenance, factory
Administrative expenses
Sales
Utilities, factory
Supplies, factory
Selling expenses
Indirect labour
Work in process inventory, beginning
Work in process inventory, ending
Finished goods inventory, beginning
Finished goods inventory, ending
For Part 3
Units produced
For Part 4
Units produced
For Part 6
Units produced
Finished goods inventory (units)
$360,000
40,000
68,000
168,000
20,000
240,000
120,000
280,000
1,800,000
108,000
4,000
320,000
260,000
28,000
120,000
40,000
160,000
10,000
12,000
20,000
4,000
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