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Sales Finished goods - 1 Jan 2020 Work in progress - 1 Jan 2020 Raw materials - 1 Jan 2020 Purchases of raw materials Variable

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Sales Finished goods - 1 Jan 2020 Work in progress - 1 Jan 2020 Raw materials - 1 Jan 2020 Purchases of raw materials Variable production cost Fixed production overheads N$ Dr/(Cr) (800,000) 80,000 30,000 70,000 150,000 120,000 100,000 Additional information . During the year there was an abnormal spillage of raw materials of N$20,000. Fixed production overheads are allocated at N$2 per unit based on normal capacity of 50.000 units. The actual production for 2020 was 40,000 units. Closing inventory is as follows Raw materials N$70,000, Work in progress N$50,000 and Finished goods N$40,000 N$130,000 raw materials were transferred to work in progress Required Calculate the work in progress transferred to finished goods Time left 0:37:2 The following information has been extracted from the trial balance of Tile Africa Cc, a manu reporting date of 31 December 2020: N$ Dr/(Cr) Sales (800,000) Finished goods - 1 Jan 2020 80,000 Work in progress - 1 Jan 2020 30,000 Raw materials - 1 Jan 2020 70,000 Purchases of raw materials 150,000 Variable production cost 120,000 Fixed production overheads 100,000 Additional information During the year there was an abnormal spillage of raw materials of N$20,000. Fixed production overheads are allocated at N$2 per unit based on normal capacity of 50,000 units. The actual production for 2020 was 40,000 units. Closing inventory is as follows Raw materials N$ 70,000 Work in progress N$50,000 and Finished goods N$40,000. N$130,000 raw materials were transferred to work in progress Required Calculate the work in progress transferred to finished goods

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