Question-2: opening raw mat inventory Tk 120, Purchase Tk 1000, Ending mat inventory Tk 200, Direct labor Tk 2000, Manufacturing overhead Tk 5000, beginning WIP Tk 2000, ending WIP Tk 1000, beginning Finished goods inventory 3000, Ending Finished goods inventory 1,000. [Marks: 5] Requirements: Schedule of cost of goods manufactured (CGM) and Cost of Goods Sold (CGS)

Question-3: XYZ Company's manufacturing overhead is 80% of its total conversion costs. If Manufacturing overhead is $50,000 and if direct materials are $50,000, the direct labor is??? is?? [ Marks: 5]