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  • Statement Showing Cost of Goods Manufactured Particulars Amount Amount

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    arafkhan1623
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    The Cost of Goods Manufactured was Taka 710,000. This was calculated by taking the total expenses before adjustment for work-in-process of Taka 740,000, adding the beginning work-in-process inventory of Taka 20,000, and subtracting the ending work-in-process inventory of Taka 50,000. The total expenses included raw material purchases and changes in inventory, direct labor, manufacturing overhead, and administrative expenses.

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    The Cost of Goods Manufactured was Taka 710,000. This was calculated by taking the total expenses before adjustment for work-in-process of Taka 740,000, adding the beginning work-in-process inventory of Taka 20,000, and subtracting the ending work-in-process inventory of Taka 50,000. The total expenses included raw material purchases and changes in inventory, direct labor, manufacturing overhead, and administrative expenses.

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    3 views1 page

    Statement Showing Cost of Goods Manufactured Particulars Amount Amount

    Uploaded by

    arafkhan1623
    The Cost of Goods Manufactured was Taka 710,000. This was calculated by taking the total expenses before adjustment for work-in-process of Taka 740,000, adding the beginning work-in-process inventory of Taka 20,000, and subtracting the ending work-in-process inventory of Taka 50,000. The total expenses included raw material purchases and changes in inventory, direct labor, manufacturing overhead, and administrative expenses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Q1.

    Statement showing Cost of Goods Manufactured

    Particulars Amount Amount


    Purchase of Raw Material 190
    Add : Raw materials inventory, beginning 10
    Less : Raw materials inventory, ending (40) 160
    Direct Labor 200
    Manufacturing Overhead 230
    Administrative exp 150
    Total expenses before adjustment for WIP 740
    Add : Work in process inventory, beginning 20
    Less : Work in process inventory, ending (50) (30)
    Cost of Goods Manufactured 710

    Hence the Cost of Goods Manufactured is Taka 710000

    Note : Administrative expenses are treated as a part of Manufacturing Activities.

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