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The following data refer to Maximus Manufacturing Ltd for the current year: Raw material inventory, 1 January 51,250 Raw material inventory, 31 December 22,125 Work
The following data refer to Maximus Manufacturing Ltd for the current year: Raw material inventory, 1 January 51,250 Raw material inventory, 31 December 22,125 Work in process inventory, 1 January 750 Work in process inventory, 31 December 12,250 Finished goods inventory, 1 January 8,250 Finished goods inventory, 31 December 13,000 Additional information; Purchases of raw material $ 199,000 Direct labour cost incurred 109,000 Other manufacturing costs; Indirect material Indirect labour Depreciation on factory building Depreciation on factory equipment Electricity for factory Council rates Insurance 15,500 38,500 30,750 21,750 24,250 24,250 9,750 Required: 1. Schedule of cost of doods manufactured for Maximus Manufacturing Ltd. (3 Marks) Screenshot 2. Schedule of cost org ous sold for Maximus Manufacturing Ltd. (2 Marks)
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