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Toyoda Ltd is specialised in manufacturing cars. The following information is available for the financial year ended 30 June 2020.- Direct labour cost Raw material
Toyoda Ltd is specialised in manufacturing cars. The following information is available for the financial year ended 30 June 2020.- Direct labour cost Raw material inventory as at 1 July 2019 Raw material inventory as at 30 June 2020 Cost of finished goods Work in progress inventory as at 1 July 2019- Raw material purchased Factory overhead is calculated as 175% of direct labour cost $365,800 $89,000 $135,000 S2,195,800 $369,000 S1,200,000 Required Calculate the ending work in process inventory on 30 June 2020. Cost of Goods Manufactured Statement for the year ended 30 June 2020 4
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