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Question # 3 Caribo Ltd. presents the following data for November 2016: Direct Materials inventory as at 1/11/16 90 Direct Materials Purchased... Direct Materials Used
Question # 3 Caribo Ltd. presents the following data for November 2016: Direct Materials inventory as at 1/11/16 90 Direct Materials Purchased... Direct Materials Used Total Manufacturing Overhead Variable Manufacturing Overhead250 Total Manufacturing Costs Work in Process Inventory as at 1/11/16200 Cost of Goods Manufactured Finished Goods Inventory as at 1/11/16125 360 375 480 1,600 1,650 Cost of Goods Sold. 1,700 A) Calculate the following costs: 1) Direct Material Inventory as at 31/11/16 2) Direct Manufacturing Labour cost for November 3) Work in Process Inventory as at 31/11/16 4) Goods available for sale in November 5) Finished goods Inventory as at 31/11/16 B) Distinguish between inventoriable costs and period costs
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