Inilowing information related to AADIL manufacturing company for the year ended December 31, 2007: Direct material (beginning) Dircct material purchased Direct material (ending) Rs.50,000 300,000 20,000 Direct labor Factory overhead (70% of conversion cost) Work in process (ending) Tork in process (beginning- 30% more than its ending) Cost of gouds manufactured is 8/15 of sales Sales revenue (1000 units) linished gnods (beginning)(25 urlit») T'inished goods (ending)(60 units) Administintive & genera) expenses Marketing & selling expenses 140,000 ? - 1,500,000 30,000 80,000 210,000 20,000 REQUIRED: 1. Colculate al missing figures . Pirpar: sfatemenu of cost of goods sold Ieme statement for the year ended December 31,2007. 1 Units manufactured Par mi cost of goods manufactured 6 Gress profit per unit sold 36
Inilowing information related to AADIL manufacturing company for the year ended December 31, 2007: Direct material (beginning) Dircct material purchased Direct material (ending) Rs.50,000 300,000 20,000 Direct labor Factory overhead (70% of conversion cost) Work in process (ending) Tork in process (beginning- 30% more than its ending) Cost of gouds manufactured is 8/15 of sales Sales revenue (1000 units) linished gnods (beginning)(25 urlit») T'inished goods (ending)(60 units) Administintive & genera) expenses Marketing & selling expenses 140,000 ? - 1,500,000 30,000 80,000 210,000 20,000 REQUIRED: 1. Colculate al missing figures . Pirpar: sfatemenu of cost of goods sold Ieme statement for the year ended December 31,2007. 1 Units manufactured Par mi cost of goods manufactured 6 Gress profit per unit sold 36
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Solve the Requirements:
1-Calculate all missing figure
2-Prepare statement of cost of goods sold
3-Income Statement for the year ended December 31 2007
4- Units Manufactured
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