Cost of Production 238600 Opening stock of WIP 44400 Opening stock of FG                              39000 Closing stock of WIP 21000 Closing stock of FG                       1500 units Total production units 26200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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According to the information given in the table below, which of the following is Cost of Goods Sold?

 

Cost of Production 238600
Opening stock of WIP 44400
Opening stock of FG                              39000
Closing stock of WIP 21000
Closing stock of FG                       1500 units
Total production units 26200










 

Select one:
a. 296000
b. 299000
c. 286000
d. 303000
 
 

According to the information given in the table below, which of the following is Raw materials consumed?

 

Opening Stock Raw Materials  27300
Purchases 231600
Freight in  4500
Purchase return raw Material  6500
Wages 123000
Closing Stock Raw Materials 19500
 
 
 
 
 
 
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