Homework Help is Here – Start Your Trial Now!
Business
Accounting
Assume R100 000 direct material was issued to the company. Direct labour paid amounted to R30 000. Factory supervisor salary R4 000. Electricity for the factory R3 000 and rent for the factory building was R20 000. Suppose the Work-in-progress in the beginning of the year was R9 000 and at the end of the year was R6 000. What is the value of the Finished goods that is transferred to the Sales department? OA. R154 000 B. R160 000 OC. R103 000 OD. R157 000 Reset Selection

Assume R100 000 direct material was issued to the company. Direct labour paid amounted to R30 000. Factory supervisor salary R4 000. Electricity for the factory R3 000 and rent for the factory building was R20 000. Suppose the Work-in-progress in the beginning of the year was R9 000 and at the end of the year was R6 000. What is the value of the Finished goods that is transferred to the Sales department? OA. R154 000 B. R160 000 OC. R103 000 OD. R157 000 Reset Selection

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Assume R100 000 direct material was issued to the company. Direct labour paid amounted to R30 000. Factory supervisor salary R4 000. Electricity for the factory R3 000 and rent for the factory building was R20 000. Suppose the Work-in-progress in the beginning of the year was R9 000 and at the end of the year was R6 000. What is the value of the Finished goods that is transferred to the Sales department? OA. R154 000 B. R160 000 OC. R103 000 OD. R157 000 Reset Selection
Transcribed Image Text:Assume R100 000 direct material was issued to the company. Direct labour paid amounted to R30 000. Factory supervisor salary R4 000. Electricity for the factory R3 000 and rent for the factory building was R20 000. Suppose the Work-in-progress in the beginning of the year was R9 000 and at the end of the year was R6 000. What is the value of the Finished goods that is transferred to the Sales department? OA. R154 000 B. R160 000 OC. R103 000 OD. R157 000 Reset Selection
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

SEE SOLUTION
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS