PT XYZ is a motorcycle manufacturer company. The company has two working processes Component Assembly and Final Assembly. Inventory in January 31 2019 and February 2019 was as follows: Tabel-1 Beginning and ending Inventory February 2019 WIP SMT Final Assembly In Final Assembly Materials Description Finished In SMT Finished Units Price SMT WIP floor Goods Floor Beginning Inventory Quantity (31 January 2019) 20,000 210,000,000,000 5,000 2,000 7,000 2,000 % Progress 100% 25% 100% 50% Ending Inventory (28 Quantity February 2019) 15,000 Unknown 3,000 4,000 6,000 2,000 % Progress 100% 50% 100% 50% In this period, the company bought materials 35.000 sets with price IDR 340.000.000, spend conversion cost for Component Assembly process IDR 405.000.000, spend conversion cost for Final Assembly IDR 200.000.000. Calculate Cost of Goods Sold in this period!
PT XYZ is a motorcycle manufacturer company. The company has two working processes Component Assembly and Final Assembly. Inventory in January 31 2019 and February 2019 was as follows: Tabel-1 Beginning and ending Inventory February 2019 WIP SMT Final Assembly In Final Assembly Materials Description Finished In SMT Finished Units Price SMT WIP floor Goods Floor Beginning Inventory Quantity (31 January 2019) 20,000 210,000,000,000 5,000 2,000 7,000 2,000 % Progress 100% 25% 100% 50% Ending Inventory (28 Quantity February 2019) 15,000 Unknown 3,000 4,000 6,000 2,000 % Progress 100% 50% 100% 50% In this period, the company bought materials 35.000 sets with price IDR 340.000.000, spend conversion cost for Component Assembly process IDR 405.000.000, spend conversion cost for Final Assembly IDR 200.000.000. Calculate Cost of Goods Sold in this period!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![PT XYZ is a motorcycle manufacturer company. The company has two working
processes Component Assembly and Final Assembly. Inventory in January 31
2019 and February 2019 was as follows:
Tabel-1 Beginning and ending Inventory February 2019
WIP SMT
Final Assembly
In Final
Assembly
Materials
Description
Finished
In SMT
Finished
Units
Price
SMT WIP
floor
Goods
Floor
Beginning Inventory Quantity
(31 January 2019)
20,000
210,000,000,000
5,000
2,000
7,000
2,000
% Progress
100%
25%
100%
50%
Ending Inventory (28 Quantity
February 2019)
15,000
Unknown
3,000
4,000
6,000
2,000
% Progress
100%
50%
100%
50%
In this period, the company bought materials 35.000 sets with price IDR
340.000.000, spend conversion cost for Component Assembly process IDR
405.000.000, spend conversion cost for Final Assembly IDR 200.000.000.
Calculate Cost of Goods Sold in this period!](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8850b5eb-7489-444a-8520-4246624fe48b%2F5d521961-7237-40ee-8c94-0bdbc65ca184%2Fym78wv9_processed.png&w=3840&q=75)
Transcribed Image Text:PT XYZ is a motorcycle manufacturer company. The company has two working
processes Component Assembly and Final Assembly. Inventory in January 31
2019 and February 2019 was as follows:
Tabel-1 Beginning and ending Inventory February 2019
WIP SMT
Final Assembly
In Final
Assembly
Materials
Description
Finished
In SMT
Finished
Units
Price
SMT WIP
floor
Goods
Floor
Beginning Inventory Quantity
(31 January 2019)
20,000
210,000,000,000
5,000
2,000
7,000
2,000
% Progress
100%
25%
100%
50%
Ending Inventory (28 Quantity
February 2019)
15,000
Unknown
3,000
4,000
6,000
2,000
% Progress
100%
50%
100%
50%
In this period, the company bought materials 35.000 sets with price IDR
340.000.000, spend conversion cost for Component Assembly process IDR
405.000.000, spend conversion cost for Final Assembly IDR 200.000.000.
Calculate Cost of Goods Sold in this period!
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