Question
Q10: The following data related to AL REHMAN manufacturing company for the year 2019 Purchase of Raw Material 4,40,000 Direct Material Used 4,50,000 Direct labor
Q10: The following data related to AL REHMAN manufacturing company for the year 2019
Purchase of Raw Material 4,40,000
Direct Material Used 4,50,000
Direct labor paid during the year 325,000
Direct labor assigned to production 350,000
Manufacturing overhead 4,00,000
During the year 122,000 units were manufactured and 125,000 units were sold .Selected Information concerning inventories during the year as follows.
ITEMS | JAN 1st (RS.) | Dec 31st (Rs.) |
Raw Material | 50,000 | ? |
Work in process | 90,000 | 70,000 |
Finished goods(15,000 units beginning) | 135,000 | ? |
REQUIRED:-
Cost of goods manufactured
Average cost per unit
Cost of goods sold (FIFO method)
Material (e)
Finished Goods (e)
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