Q2. The following data (in thousands of taka) have been taken from the accounting records of Camel Bangladesh, for the calendar year 2021. Sales Tk 870 Purchases of raw materials Tk 190 Direct labor Tk 200 Manufacturing overhead Administrative expenses Tk 230 Tk 150 Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Tk 140 Tk 10 Tk 40 Tk 20 Tk 50 Tk 90 Tk 130 Required: Using appropriate date for the statements, fine the cost of goods sold.

Q2. The following data (in thousands of taka) have been taken from the accounting records of Camel Bangladesh, for the calendar year 2021. Sales Tk 870 Purchases of raw materials Tk 190 Direct labor Tk 200 Manufacturing overhead Administrative expenses Tk 230 Tk 150 Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Tk 140 Tk 10 Tk 40 Tk 20 Tk 50 Tk 90 Tk 130 Required: Using appropriate date for the statements, fine the cost of goods sold.

Name: Q2. The following data (in thousands of taka) have been taken from th
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Description: Q2. The following data (in thousands of taka) have been taken from the accounting records of CamelBangladesh, for the calendar year 2021.SalesTk 870Purchases of raw materialsTk 190Direct laborTk 200Manufacturing overheadAdministrative expensesTk 230

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
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