Ramesh Abdul Industries Presents you the following data relating to the operations for the year ended on June 30, 2013.Required:Prepare cost of goods Manufactured and sold statement. Purchase Of Materials$530,00015,000227,900175,80050,00030,00024,50023,700Purchase Returns and AllowancesDirect Labor cost incurredFactory overhead cost incurred|Materials inven toiy „July 1,2012|Materials Inventory, June 30,2013Work in process inventory increa sed by| Finished Goods inventory Decreased by

Cost of goods manufactured includes all the cost pertaining to manufacturing of goods and it…

Answered: Ramesh Abdul Industries Presents you…

Ramesh Abdul Industries Presents you the following data relating to the operations for the year ended on June 30, 2013.Required:Prepare cost of goods Manufactured and sold statement.

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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Question

Ramesh Abdul Industries Presents you the following data relating to the operations for the year ended on June 30, 2013.Required:Prepare cost of goods Manufactured and sold statement.

Purchase Of Materials
$530,000
15,000
227,900
175,800
50,000
30,000
24,500
23,700
Purchase Returns and Allowances
Direct Labor cost incurred
Factory overhead cost incurred
|Materials inven toiy „July 1,2012
|Materials Inventory, June 30,2013
Work in process inventory increa sed by
| Finished Goods inventory Decreased by

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