please solve within 30 minutes. Question 4Ray J Plc he manufactures and sells a single product. The following data isavailable for the month of January 2022.SalesBWP309,750Number of units manufacturedNumber of units sold during the monthDirect MaterialDirect laborDirect ExpensesVariable selling and administrative costFixed manufacturing cost per monthFixed marketing and administrative cost per month BWP7,000Company did not have any opening finished goods and work in processinventory at the beginning of January.RequiredCompute the value of closing inventory at end of January usingAbsorption and Marginal costing.3,5002,950BWP77,000BWP45,500BWP24,500BWP49,000BWP21,000

Lets understand the basics. There are two costing system are followed by the entities which are, (1)…

Ray J Plc he manufactures and sells a single product. The following data is available for the month of January 2022. Sales Number of units manufactured Number of units sold during the month BWP309,750 3,500 2,950

Ray J Plc he manufactures and sells a single product. The following data is available for the month of January 2022. Sales Number of units manufactured Number of units sold during the month BWP309,750 3,500 2,950

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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