The following cost and inventory data were taken from the records of the Beca Co
ID: 2374001 • Letter: T
Question
The following cost and inventory data were taken from the records of the Beca Company for the year:
Costs incurred:
Depreciation, factory equipment $30,000
Deprecation, office equipment 7,000
Supplies, factory 1,500
Maintaneance , factory equipment 20,000
utilities, factory 8,000
Sales commissions 30,000
Indirect Labor 54,500
Rent factory building 70,000
Purchases of direct materials (net) 124,000
Direct Labor 80,000
Advertising Expense 90,000
Inventories:
Jan 1 Dec 31
Direct Materials 9,000 11,000
Work in process 6,000 21,000
Finished goods 69,000 24,000
(a) Compute the cost of goods manufactured
(b) Prepare a cost of good sold statement
Explanation / Answer
i have answered this question in full detail .....aman gupta not added administrative cost in cost sheet and made mistake in calculating cost of goods sold he has wrongly added closing stock of goods and also selling and distribution overhead not considered...if you need excel sheet of this answer then i will mail you....thaks rate me
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