Following data relates to Zain & Co, Rupees 80,000 51,000 230,000 94,000 79,000 66,000 44,000 Opening stock of raw material Opening stock of work in process Purchases of raw material Direct labor cost Factory overheads Closing stock of raw material Closing stock of work in process Required: 1) Total Factory cost Prime cost 2)
Following data relates to Zain & Co, Rupees 80,000 51,000 230,000 94,000 79,000 66,000 44,000 Opening stock of raw material Opening stock of work in process Purchases of raw material Direct labor cost Factory overheads Closing stock of raw material Closing stock of work in process Required: 1) Total Factory cost Prime cost 2)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.11E
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Draw the standard format of Cost of Goods Manufactured and Sold Statement
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