Raw material opening Raw material closing Work in process opening Work in proses closing Finished goods Opening Finished good Closing Indirect Material Indirect labor Selling and administrative Expenses Depreciation Utilities Others RM 35,500 12,900 8,000 5,050 7,075 6,475 9,500 7,450 3,370 1200 1,100 800 In 2023 company purchased direct raw material RM50,000, and direct labor cost RM21,000. Prepare Cost of goods sold schedule for the company.

Raw material opening Raw material closing Work in process opening Work in proses closing Finished goods Opening Finished good Closing Indirect Material Indirect labor Selling and administrative Expenses Depreciation Utilities Others RM 35,500 12,900 8,000 5,050 7,075 6,475 9,500 7,450 3,370 1200 1,100 800 In 2023 company purchased direct raw material RM50,000, and direct labor cost RM21,000. Prepare Cost of goods sold schedule for the company.

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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