Kindly solve the remaining three Requirements iam going to mention the numbers 5. 6. 7. Previous four were solved earlier by your experts. Thankyou... Q.2. The following information has been jaken from the job order cost system used byAADIL & CO.JOB #BALANCE JULY 1, 2006 PRODUCTION COST IN JULY21Rs.140,000108,00030,00050,000--- --2223Rs.166,00024130,000200,000121,00080,000252627OTHER INFORMATION:During July Job # 23, 24 and 25 were completed and Job # 21, 22 and 23 were sold onaccount at 25% above cost.REQUIRED:A- COMPUTE1. Cost of finished goods inventory - beginning2. Cost of gouds in proce:s inventory-beginning3. Cost of finished goods inventory- ending4. Cost of goods in process inventory-ending5. Cost of goods manufactured6. Cost of goods sold7. Sales revenue

In order to determine the cost of goods sold, the beginning inventory is required to be added and…

Q.2. The following information lhas heen jaken from the job order cost system used by AADIL & CO. JOB # BALANCE JULY 1, 2006 PRODUCTION COST IN JULY 21 22 Rs.140,000 108,000 30,000 50,000 --- -- ----- --- 23 Rs.166,000 130,000 200,000 121,000 80,000 24 25 26 27 OTHER INFORMATION: During July Job # 23, 24 and 25 were completed and Job # 21, 22 and 23 were sold on account at 25% above cost. REQUIRED: A- C'OMPUTE 1. Cost of finished goods inventory - beginning 2. C'ost of goods in procezs inventory-beginning 3. Cost of finished goods inventory- ending 4. Cost of goods in process inventory-ending 5. Cost of goods manufactured 6. Cost of goods sold 7. Sales revenue

Q.2. The following information lhas heen jaken from the job order cost system used by AADIL & CO. JOB # BALANCE JULY 1, 2006 PRODUCTION COST IN JULY 21 22 Rs.140,000 108,000 30,000 50,000 --- -- ----- --- 23 Rs.166,000 130,000 200,000 121,000 80,000 24 25 26 27 OTHER INFORMATION: During July Job # 23, 24 and 25 were completed and Job # 21, 22 and 23 were sold on account at 25% above cost. REQUIRED: A- C'OMPUTE 1. Cost of finished goods inventory - beginning 2. C'ost of goods in procezs inventory-beginning 3. Cost of finished goods inventory- ending 4. Cost of goods in process inventory-ending 5. Cost of goods manufactured 6. Cost of goods sold 7. Sales revenue

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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