Q1. On October 31, 2020, the Beginning Inventory accounts Balances of Adote Manufacturing Company were: Raw Materials Inventory -----------------------------------------------------Br10, 000 Work-In-Process Inventory --------------------------------------------------- Br15, 000 Finished Goods Inventory ----------------------------------------------------- Br20, 000 During the month of September, Raw Materials costing Br25, 000 were purchased. Direct Labor and Factory Overhead costs were Br40, 000 and Br30, 000 respectively. The September 30, Ending Inventory Accounts Balances were as follows Raw Materials Inventory ---------------------------------------------------- Br12, 000 Work-In-Process Inventory ------------------------------------------------- Br25, 000 Finished Goods Inventory -------------------------------------------------- Br12, 000 Required: A. Calculate Cost of Materials Placed in Production (Direct Materials) B .Calculate Cost of Goods Manufactured C. Calculate Cost of Goods Sold
Q1. On October 31, 2020, the Beginning Inventory accounts Balances of Adote Manufacturing Company were: Raw Materials Inventory -----------------------------------------------------Br10, 000 Work-In-Process Inventory --------------------------------------------------- Br15, 000 Finished Goods Inventory ----------------------------------------------------- Br20, 000 During the month of September, Raw Materials costing Br25, 000 were purchased. Direct Labor and Factory Overhead costs were Br40, 000 and Br30, 000 respectively. The September 30, Ending Inventory Accounts Balances were as follows Raw Materials Inventory ---------------------------------------------------- Br12, 000 Work-In-Process Inventory ------------------------------------------------- Br25, 000 Finished Goods Inventory -------------------------------------------------- Br12, 000 Required: A. Calculate Cost of Materials Placed in Production (Direct Materials) B .Calculate Cost of Goods Manufactured C. Calculate Cost of Goods Sold
Chapter1: Financial Statements And Business Decisions
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Q1. On October 31, 2020, the Beginning Inventory accounts Balances of Adote Manufacturing
Company were:
Raw Materials Inventory -----------------------------------------------------Br10, 000
Work-In-Process Inventory --------------------------------------------------- Br15, 000
Finished Goods Inventory ----------------------------------------------------- Br20, 000
During the month of September, Raw Materials costing Br25, 000 were purchased. Direct
Labor and Factory Overhead costs were Br40, 000 and Br30, 000 respectively. The
September 30, Ending Inventory Accounts Balances were as follows
Raw Materials Inventory ---------------------------------------------------- Br12, 000
Work-In-Process Inventory ------------------------------------------------- Br25, 000
Finished Goods Inventory -------------------------------------------------- Br12, 000
Required:
A. Calculate Cost of Materials Placed in Production (Direct Materials)
B .Calculate Cost of Goods Manufactured
C. Calculate Cost of Goods Sold
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