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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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 4 Ray J Plc he manufactures and sells a single product. The following data is available for the month of January 2022. Sales BWP309,750 Number of units manufactured Number of units sold during the month Direct Material Direct labor Direct Expenses Variable selling and administrative cost Fixed manufacturing cost per month Fixed marketing and administrative cost per month BWP7,000 Company did not have any opening finished goods and work in process inventory at the beginning of January. Required Compute the value of closing inventory at end of January using Absorption and Marginal costing. 3,500 2,950 BWP77,000 BWP45,500 BWP24,500 BWP49,000 BWP21,000
Transcribed Image Text:Question 4 Ray J Plc he manufactures and sells a single product. The following data is available for the month of January 2022. Sales BWP309,750 Number of units manufactured Number of units sold during the month Direct Material Direct labor Direct Expenses Variable selling and administrative cost Fixed manufacturing cost per month Fixed marketing and administrative cost per month BWP7,000 Company did not have any opening finished goods and work in process inventory at the beginning of January. Required Compute the value of closing inventory at end of January using Absorption and Marginal costing. 3,500 2,950 BWP77,000 BWP45,500 BWP24,500 BWP49,000 BWP21,000
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