Question
the following data have been obtained from the accounting records of filo corporation for the year ended 31 deceber 2014. ACCOUNT: sales 860 000, purchaces
the following data have been obtained from the accounting records of filo corporation for the year ended 31 deceber 2014. ACCOUNT: sales 860 000, purchaces of raw material 170 000, direct labour 220 000, manufacturing overhead 210 000, admistrative expenses 120 000,selling expenses 170 000, raw material inventory begining 10 000, raw material inventory ending 50 000, work in progress begining 80 000,work in progress ending 60 000, finished good inventory begining 110 000, finished good inventory ending 100 000. REQUIRED: 1. prepare a schedule of cost of goods manufactured 2. compute the cost of good sold. 3 prepare an statement of comprehesive income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started