The following data relate to XYZ ltd

Inventories

Beginning (Nu.) Ending (Nu.)

Finished goods 1,10,000 95,000

Work in progress 70,000 80,000

Raw materials 90,000 95,000

Additional information:

Cost of goods available for sale 6,84,000

Total goods processed during the period 6,54,000

Factory overheads 1,67,000

Direct material used 1,93,000

Requirements:

i.Determine the raw material purchased.

ii.Determine the direct labor cost incurred.

iii.Determine the cost of goods sold.

iv.Analyze your findings in most suitable way.