Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000, Factory supervisor salary R4 000, Electricity forthe factory R3 000 and rent for the factory building was R20 000 . Supposethe Work - in - progress in the beginning of the year was R9 000 and at theend of the year was R6 000 . What is the value of the Finished goods that istransferred to the Sales department?A. R154 OOOB. R160 OOOC. R103 OOOD. R157 OOO
Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000, Factory supervisor salary R4 000, Electricity forthe factory R3 000 and rent for the factory building was R20 000 . Supposethe Work - in - progress in the beginning of the year was R9 000 and at theend of the year was R6 000 . What is the value of the Finished goods that istransferred to the Sales department?A. R154 OOOB. R160 OOOC. R103 OOOD. R157 OOO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Assume RIOO 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?
A. R154 OOO
B. R160 OOO
C. R103 OOO
D. R157 OOO
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