The company OMEGA from 1/1/ to 30/6 had the following cost data: 1/1. direct materials = 7000, 1/1. semi-cat. 11000, 1/1. finished goods = 9000. Purchases of direct materials were made = 49000, direct work amounted to 41000 and GSP was 97000. Sales for the period amounted to 658000 on credit. Administration expenses were 52000, sales expenses were 44000 and financial expenses were 9000. On 30/6 the stocks were: 31.12. direct materials 8000, 31.12 semi-work. Pr. 4000 and 31.12 of finished goods pr. = 9000. Requested: To prepare the report of the cost of production and to calculate the final result internally and out-of-account
The company OMEGA from 1/1/ to 30/6 had the following cost data: 1/1. direct materials = 7000, 1/1. semi-cat. 11000, 1/1. finished goods = 9000. Purchases of direct materials were made = 49000, direct work amounted to 41000 and GSP was 97000. Sales for the period amounted to 658000 on credit. Administration expenses were 52000, sales expenses were 44000 and financial expenses were 9000. On 30/6 the stocks were: 31.12. direct materials 8000, 31.12 semi-work. Pr. 4000 and 31.12 of finished goods pr. = 9000. Requested: To prepare the report of the cost of production and to calculate the final result internally and out-of-account
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The company OMEGA from 1/1/ to 30/6 had the following cost data: 1/1. direct materials = 7000, 1/1. semi-cat. 11000, 1/1. finished goods = 9000.
Purchases of direct materials were made = 49000, direct work amounted to 41000 and GSP was 97000. Sales for the period amounted to 658000 on credit. Administration expenses were 52000, sales expenses were 44000 and financial expenses were 9000. On 30/6 the stocks were: 31.12. direct materials 8000, 31.12 semi-work. Pr. 4000 and 31.12 of finished goods pr. = 9000.
Requested: To prepare the report of the cost of production and to calculate the final result internally and out-of-account
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