factory cost
FNS manufacturing company submits the following information on June 30, 2005.
Rupees
Sales for the year 450,000
Raw material inventory, July 1, 2004 15,000
Finished goods inventory, July 1, 2004 70,000
Purchases 120,000
Direct labor 65,000
Power, heat and light 2,500
Indirect material purchased and consumed 4,500
Administrative expenses 21,000
Depreciation of plant 14,000
Selling expenses 25,000
Depreciation of building 7,000
Indirect labor 3,000
Other manufacturing expenses 10,000
Work in process, July 1, 2004 14,000
Work in process, June 30, 2005 19,000
Raw materials inventory, June 30, 2005 21,000
Finished goods inventory, June 30, 2005 60,000
Required:
- Calculate cost of raw-material consumed
- Calculate prime cost
- Calculate total
factory cost
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