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Question 11 Rexfleld Company recorded the following transactions for the month of February: sales were $421,400 for the month. Sales prices are determined by a
Question 11 Rexfleld Company recorded the following transactions for the month of February: sales were $421,400 for the month. Sales prices are determined by a markup on manufacturing cost of 40%. The costs of new inputs to the manufacturing process during the month were $290,000. (a) Calculate the missing values in the schedule below, Materials Work in Process Finished Goods Purchases Beginning Inventory Ending Inventory Direct Materlals Used Direct Labour Manufacturing Overhead (including $105,000 16,000 $8,500 18,800 90,300 18,400 indirect materials of $8,500) 115,600 Transferred to Flnished Goods Cost of Goods Sold
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