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QUESTION I-Part C. 12 MARKS Manufacturing costs for BikeGo Inc. for June 2023 are as follows: Direct materials used Direct labour. .......... Work in process,
QUESTION I-Part C. 12 MARKS Manufacturing costs for BikeGo Inc. for June 2023 are as follows: Direct materials used Direct labour. .......... Work in process, June 1, 2023 Work in process, June 30, 2023. Manufacturing overhead Cost of goods available for sale. Cost of goods sold.......... June 30, 2023 $ 157,000 89,000 36,000 43,000 115,000 658,000 515,000 Tasks: Answer the following questions: a) What are the total manufacturing costs for June? 3 marks b) What is the cost of goods manufactured for June? 3 marks c) What is the amount of finished goods on June 1, 2023? 3 marks d) What is the amount of finished goods on June 30, 202? 3 marks Manufacturing costs for BikeGo Inc. for June 2023 are as follows: Tasks: Answer the following questions: a) What are the total manufacturing costs for June? 3 marks b) What is the cost of goods manufactured for June? 3 marks c) What is the amount of finished goods on June 1, 2023? 3 marks d) What is the amount of finished goods on June 30, 202? 3 marks
QUESTION I-Part C. 12 MARKS Manufacturing costs for BikeGo Inc. for June 2023 are as follows: Direct materials used Direct labour. .......... Work in process, June 1, 2023 Work in process, June 30, 2023. Manufacturing overhead Cost of goods available for sale. Cost of goods sold.......... June 30, 2023 $ 157,000 89,000 36,000 43,000 115,000 658,000 515,000 Tasks: Answer the following questions: a) What are the total manufacturing costs for June? 3 marks b) What is the cost of goods manufactured for June? 3 marks c) What is the amount of finished goods on June 1, 2023? 3 marks d) What is the amount of finished goods on June 30, 202? 3 marks
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