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  • Assignment 2024

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    Ndivho Mavhetha
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    The document provides inventory balances and expenses for Cebu Wine Factory for the quarter ending March 31, 20B. It lists beginning and ending inventory amounts for raw materials, work in process, and finished goods. It also provides expenses for raw materials purchased, freight, direct and indirect labor, indirect materials, amortization, rent, and depreciation. The document asks to calculate the prime cost and total manufacturing costs.

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    The document provides inventory balances and expenses for Cebu Wine Factory for the quarter ending March 31, 20B. It lists beginning and ending inventory amounts for raw materials, work in process, and finished goods. It also provides expenses for raw materials purchased, freight, direct and indirect labor, indirect materials, amortization, rent, and depreciation. The document asks to calculate the prime cost and total manufacturing costs.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    15 views1 page

    Assignment 2024

    Uploaded by

    Ndivho Mavhetha
    The document provides inventory balances and expenses for Cebu Wine Factory for the quarter ending March 31, 20B. It lists beginning and ending inventory amounts for raw materials, work in process, and finished goods. It also provides expenses for raw materials purchased, freight, direct and indirect labor, indirect materials, amortization, rent, and depreciation. The document asks to calculate the prime cost and total manufacturing costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Pablos Tutorials (ACC2142).

    The following are the balances were taken from Cebu Wine Factory, a client of Lowell Pacot & Co.,
    CPAs for the quarter ending March 31, 20B.
    Inventories
    January 1 March 31
    Raw materials 120,000 105,000
    Work in process 250,000 275,000
    Finished goods 170,000 290,000

    Purchases - Raw materials R110,000


    Freight in 5,000
    Direct labor 308,000
    Indirect labor 45,000
    Indirect materials 65,000
    Amor za on of trademark 50,000
    Rent expense – factory 25,000
    Deprecia on – factory 40,000

    1. Calculate the Prime Cost


    2. Calculate the total Manufacturing costs

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