Question 4

The following data pertain to Duggan Company's operations during December Dec Dec OS10,000 Raw materials inventory Work-in-process inventory $5,000 Finished goods inventory $100007 Other data Cost of goods manufactured $95,000 Raw materials used Manufacturing overhead costs S 20000 Direct labour costs Gross profit Sales S 50,000 S 30,000 $110,000 5200,000 Please copy and paste the format below and include in your assignment, highlighting/bolding your final answer for each part: Required 1. What amount of raw materials was purchased? 2. What were the total manufacturing costs? . What was the beginning work-in-process in inventory? 4. What was the cost of goods manufactured transferred to finished goods? 5. What was the ending finished goods inventory? 6. How much was cost of goods sold? MUST SHOW ALL WORK FOR ALL PARTS IN ORDER TO RECEIVE ALL MARKS) King Wa Restaurant would like to estimate the variable and fixed components of its utilities costs and has compiled the following data of operations