You are the cost accountant of Limpopo Technologies (Pty) Ltd and your company manufactures various car parts. You recorded the following information relating to your companys operations for the year ended 31 May 2023. Balances on 1 June 2022: Raw materials inventory R 65 540 WIP inventory 22 940 Finished goods inventory 32 975 Indirect material (inventory) 7 950 Transaction totals for the year ended 31 May 2023: Raw materials issued to the factory 194 600 Cash purchases of raw materials 169 550 Railage on raw material purchases (paid in cash) 20 215 Wages: Direct labour (paid in cash) 109 000 Indirect labour (paid in cash) 44 500 Electricity: Factory (paid in cash) 14 746 Administrative offices (paid cash) 7 381 Maintenance: Factory (paid in cash) 6 850 Administrative offices (paid in cash) 5 443 Insurance: Factory (paid in cash) 7 500 Administrative offices (paid cash) 4 000 Distribution costs 12 245 Advertising 8 750 Salaries of administrative staff 83 280 Sales of finished products 681 500 Cash purchases of consumable stores (indirect material) 13 237 Indirect materials issued to factory 18 965 Rent paid (factory) 50 300 Depreciation of factory machinery 11 230 Cost of sales of finished goods 425 000 Balances on 31 May 2023: Unfinished goods on hand 15 480

1. What is the balance carried down in your companys direct material account on 31 May 2023? Group of answer choices R 60 705 R 65 705 R 45 705 R 55 705 Flag this Question Question 301 pts
2. Determine the total of the work-in-process account on 31 May 2023. Group of answer choices R 470 631 R 460 631 R 480 631 R 450 631
3. Question 311 pts What is the balance brought down in the finished goods account on 1 June 2023? Group of answer choices R 63 126 R 73 126 R 53 126 R 65 126
4. How much is the total of your companys indirect material account on 31 May 2023? Group of answer choices R 24 187 R 19 187 R 26 187 R 21 187
5. Calculate the total of your companys manufacturing overhead account on 31 May 2023. Group of answer choicesA )154 091B) 164 091 C)144 091 D) 174 091
6. What is the total amount of your companys cost of sales account on 31 May 2023 Group of answer choices R 430 000 R 425 000 R 420 000 R 415 000
7. Your companys trading account had a total amount of R 681 500 on 31 May 2023; of this amount, R 256 500 was from the profit and loss account; where was the balance of R 425 000 from? Group of answer choices The direct material account, The cost of sales account, The direct labour account, The manufacturing overhead account?
8. ) Your companys trading account had a debit total amount of R 681 500 on 31 May 2023; to complete the double entry you will need to credit this total to which of the following accounts? Group of answer choices The sales account The direct material account The manufacturing overhead account The cost of sales account