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!

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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