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T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Direct labour Raw material Finished goods Office salaries Utilities Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% S 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15.000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000

T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Direct labour Raw material Finished goods Office salaries Utilities Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% S 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15.000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 1E: Inventory Accounts for a Manufacturing Company Fujita Company produces a single product. Costs...
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Prepare the manufacturing trading on profit and loss account of T. Terreloung manufacturing for the year ended April 20, 2008. cost must be clearly identified prepare the manufacturing trading on profit and loss account. calculate the unit of items produced if 25,000. units were produced during the period.

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T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Finished goods Direct labour Office salaries Utilities Raw material Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15 000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000
Transcribed Image Text:T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Finished goods Direct labour Office salaries Utilities Raw material Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15 000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000
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