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The following information has been taken from the accounting records of Men's world garment corporation for December 31, 2017: Raw materials inventory, January 1, 2017
The following information has been taken from the accounting records of Men's world garment corporation for December 31, 2017: Raw materials inventory, January 1, 2017 TK. 90,000 Raw materials inventory, December 31, 2017 TK. 60,000 Work-in Process inventory January 1, 2017 TK. 1,80,000 Work-in Process inventory December 31, TK. 1,00,000 2017 Direct labor cost TK. 1,50,000 Purchase of Raw materials TK. 7,50,000 Sales Tk. 25,00,000 Administrative Expenses TK. 2,70,000 Manufacturing overhead TK. 6,40,000 Required: Prepare a schedule of cost of goods manufactured. Assume raw materials consists entirely of direct materials
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