of P. Lucas for the year ended 30 September 2007. Stocks of raw materials, at cost Work in progress Finished goods stock For the year: Raw materials purchased Manufacturing wages Factory expenses Depreciation: Plant and machinery Delivery vans Office equipment Factory power Advertising Office and administration expenses Sales representatives' salaries and expenses Delivery van expenses Sales Carriage inwards 30.9.2006 $ 8,460 3,070 12,380 30.9.2007 $ 10,970 2,460 14,570 $ 38,720 20,970 12,650 7,560 3,040 807 6,120 5,080 5,910 6,420 5,890 134,610 2,720

of P. Lucas for the year ended 30 September 2007. Stocks of raw materials, at cost Work in progress Finished goods stock For the year: Raw materials purchased Manufacturing wages Factory expenses Depreciation: Plant and machinery Delivery vans Office equipment Factory power Advertising Office and administration expenses Sales representatives' salaries and expenses Delivery van expenses Sales Carriage inwards 30.9.2006 $ 8,460 3,070 12,380 30.9.2007 $ 10,970 2,460 14,570 $ 38,720 20,970 12,650 7,560 3,040 807 6,120 5,080 5,910 6,420 5,890 134,610 2,720

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information is available for the year ended December 31 Beginning raw materials inventory Raw materials purchases Ending raw materials inventory Direct labor expense The amount of direct materials used in production for the year is Multiple Choice $10,100 $5,300 $5,900 $ 4,300 5,800 $5,800 4,800 2,800
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Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $14,800 12,120 3,840 47,120 77,440 132,480 8,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $66,480 44,320 2,400 1,280 1,920 14,400 2,510
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