1. Cost of GoodsProblem-09 (cost of goods manufactured statement)Yhe following data are from the accounts of Keya Shop Company:July 1, 2009June 30, 2010Tk.28,000InventoriesFinished goodsWork in processTk.20,00060.00036.00040,00048.000MaterialsTk.8.000Sales discounts.3.200Purchase discounts.1,800.000Sales....20.000Purchase returns and allowances...160,000Depreciation, factory machinery.Factory insurance.Freight out...Other factory expenses.Bond interest expense.50,0008.00016.00050.000Sales salaries..100.00012.000Freight in..Direct factory labor..Materials purchases..Advertising expense..800.000400.00012,000Required: Prepáre a cost of goods manufactured statement for the year ended June 30, 2010.Solution-09Keya Shop CompanyCost of Goods Manufactured StatementFor the Year Ended June 30, 2010Tk.Tk.Tk.Direct Materials:40.000Raw Materials. July 1, 2009400.000PurchasesLess: Purchase discounts...Purchase returns and allowances..20,000„Tk.3,20023.200376,800

Cost of goods sold refers to a statement or schedule which shows the total production costs for a…

Answered: Required: Prepare a cost of goods…

Business

Accounting

Required: Prepare a cost of goods manufactured statement for the year ended June 30, 2010.

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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Kk.102. Subject : - Accounting
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Accounting