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Problem 2 Al Balad Manufacturing Company uses an actual costing system. Al Balad Company keeps a 'Supplies' account for its indirect materials. During June, Al
Problem 2 Al Balad Manufacturing Company uses an actual costing system. Al Balad Company keeps a 'Supplies' account for its indirect materials. During June, Al Balad Company's transactions and accounts included the following: Ending FG Inventory Beginning FG Inventory Indirect Materials issued to production General Administrative Expenses Ending RM Inventory Beginning RM Inventory $11,600 Sales 12,300 Direct Labor Costs 3,200 Direct materials Purchased 9,400 Ending WIP Inventory 7,700 Beginning WIP Inventory 5,100 Total Manufacturing Oh Incurred $324,000 72,400 178,000 12,800 10,500 56,100 Compute: a. The cost of goods manufactured. b. The cost of goods sold. c. The product costs during the period [15 Marks] [15 Marks ] [20 Marks]
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