Below is selected financial data extracted from the accounting records of Wilson Manufacturing Pty Ltd for the year ended 30 June 2016. Beginning work in process Ending work in process Beginning raw materials Ending raw materials Indirect materials Purchases of raw materials Direct labour Indirect labour Sundry factory overhead $362 600 452 200 263 600 Cost of goods manufactured 195 400 342 000 1 546 000 403 550 123 800 1 551 950 0 Required A. Prepare a cost of goods manufactured statement for the year ended 30 June 2016.
Below is selected financial data extracted from the accounting records of Wilson Manufacturing Pty Ltd for the year ended 30 June 2016. Beginning work in process Ending work in process Beginning raw materials Ending raw materials Indirect materials Purchases of raw materials Direct labour Indirect labour Sundry factory overhead $362 600 452 200 263 600 Cost of goods manufactured 195 400 342 000 1 546 000 403 550 123 800 1 551 950 0 Required A. Prepare a cost of goods manufactured statement for the year ended 30 June 2016.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 8.7
Cost of goods manufactured statement and analysis
Below is selected financial data extracted from the accounting records of Wilson Manufacturing Pty Ltd
for the year ended 30 June 2016.
Beginning work in process
Ending work in process
Beginning raw materials
Ending raw materials
Indirect materials
Purchases of raw materials
Direct labour
Indirect labour
Sundry factory overhead
$362 600
452 200
263 600
195 400
Cost of goods manufactured
342 000
1 546 000
403 550
123 800
1 551 950
Required
A. Prepare a cost of goods manufactured statement for the year ended 30 June 2016.
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