The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance for the period ended on December 31, 2016 as under: Rupees Material Consumed 40% of direct labour cost Factory overhead 60% of direct labour cost Finished goods – Beginning 50,000 Finished goods – Ending 70,000 Work in process – Beginning 45,000 Work in process – Ending 54,800 Materials – Beginning 31,300 Materials – Ending 23,120 Cost of goods manufactured 340,000 Required: Calculate the following requirement. Direct Material Direct Labour Factory overhead Total manufacturing cost Material Purchase Cost of good sold. The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance for theperiod ended on December 31, 2016 as under: Rupees Material Consumed 40% of direct labour costFactory overhead 60% of direct labour cost Finished goods – Beginning 50,000 Finished goods – Ending70,000 Work in process - Beginning 45,000 Work in process - Ending 54,800 Materials - Beginning31,300 Materials - Ending 23,120 Cost of goods manufactured 340,000 Required: Calculate the followingrequirement. Direct Material Direct Labour Factory overhead Total manufacturing cost Material PurchaseCost of good sold.

Cost accounting is a very useful and important branch of accounting. All types and natures of costs…

Answered: The Black Pepper Corporation desires to…

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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The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance for the period ended on December 31, 2016 as under: Rupees Material Consumed 40% of direct labour cost Factory overhead 60% of direct labour cost Finished goods – Beginning 50,000 Finished goods – Ending 70,000 Work in process – Beginning 45,000 Work in process – Ending 54,800 Materials – Beginning 31,300 Materials – Ending 23,120 Cost of goods manufactured 340,000 Required: Calculate the following requirement. Direct Material Direct Labour Factory overhead Total manufacturing cost Material Purchase Cost of good sold.

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