Question
Q4. MM inc. submits the following data for September. ------------------------------------------(30) Direct Labor cost Rs=80,000, Factory overhead is applied at the rate of 125% of D.
Q4. MM inc. submits the following data for September. ------------------------------------------(30)
Direct Labor cost Rs=80,000, Factory overhead is applied at the rate of 125% of D. Labor cost.
Inventories Beginning Ending
Finished goods. 17,000 19,000
W.I. P 10,000 12,000
Material 9,000 5,400
Cost of goods sold Rs=222, 000.
Other data
Sales for the Month Rs= 400,000
Marketing Expenses Rs=28,200
General and administration expenses Rs=44,000
Required:
Q:prepare the cost of goods sold statement from the above data.
Q;Income Statement
please please answer me in hour please. its urgent i need answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started