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Problem GIBELY manufactures a product A using a raw material X and a product B using a raw material Y. Inventory evaluation method is
Problem GIBELY manufactures a product A using a raw material X and a product B using a raw material Y. Inventory evaluation method is average costing AVCO For one month activity, we have the following data: Raw material Purchase Purchasing costs Beginning inventory Ending inventory Quantity picked during month Finished products Month output Manufacturing costs Beginning inventory Ending inventory Sales Sales volume Distribution costs Selling price Product A Raw X 8,000 kg for 1,176,000 120,100 2,000 kg for a total value of 323,900 2,500 kg for a total value of 405,000 7,500 kg Product A 7,040 units 685,800 1,200 units for 332,240 1,240 units for 336,040 Product A 7,000 units 343,000 330 per unit Product B Raw Y 5,000 kg for 630,000 80,000 1,100 kg for a total value of 144,000 900 kg for a total value of 126,000 5,200 kg Product B 3,500 units 292,000 800 units for 227,000 600 units for 174,000 Product B 3,700 units 148,000 350 per unit C
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