The following information has been extracted from the trial balance of Tile Africa CC , a manufacturer
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Question:
The following information has been extracted from the trial balance of Tile Africa CC a manufacturer with a reporting date of December :
N$ DrCr
Sales
Finished goods Jan
Work in progress Jan
Raw materials Jan
Purchases of raw materials
Variable production cost
Fixed production overheads
Additional information
During the year there was an abnormal spillage of raw materials of N$
Fixed production overheads are allocated at N$ per unit based on normal capacity of units. The actual production for was units.
Closing inventory is as follows Raw materials N$ Work in progress N$ and Finished goods N$
N$ raw materials were transferred to work in progress
Required
Calculate the work in progress transferred to finished goods
Posted Date: