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The following data refer to Maximus Manufacturing Ltd for the current year: Raw material inventory, 1 January 164,000 Raw material inventory, 31 December 70,800 Work
The following data refer to Maximus Manufacturing Ltd for the current year: Raw material inventory, 1 January 164,000 Raw material inventory, 31 December 70,800 Work in process inventory, 1 January 2,400 Work in process inventory, 31 December 39,200 Finished goods inventory, 1 January 26,400 Finished goods inventory, 31 December 41,600 Additional information; Purchases of raw material Direct labour cost incurred 636,800 348,800 Other manufacturing costs, Indirect labour cost incurred Council rates Depreciation on factory building Indirect material used Depreciation on factory equipment Insurance on factory and equipment Electricity for factory 123,200 77,600 98,400 49,600 69,600 31,200 77,600 Required: 1. Schedule of cost of goods manufactured for Maximus Manufacturing Ltd. (4 Marks)
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