The following information relates to a company at its year end: £ Stock at beginning of year Raw materials 20,000 Work-in-progress 4,000 Finished goods 68,000 Stock at end of year Raw materials 22,000 Work-in-progress 8,000 Finished goods 60,000 Purchase of raw materials 100,000 Direct wages 80,000 Royalties on goods sold 6,000 Production overheads 120,000 Distribution costs 110,000 Administration expenses 140,000 Sales 600,000 The cost of goods manufactured during the year is £.
The following information relates to a company at its year end: £ Stock at beginning of year Raw materials 20,000 Work-in-progress 4,000 Finished goods 68,000 Stock at end of year Raw materials 22,000 Work-in-progress 8,000 Finished goods 60,000 Purchase of raw materials 100,000 Direct wages 80,000 Royalties on goods sold 6,000 Production overheads 120,000 Distribution costs 110,000 Administration expenses 140,000 Sales 600,000 The cost of goods manufactured during the year is £.
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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The following information relates to a company at its year end:
£
Stock at beginning of year
Raw materials 20,000
Work-in-progress 4,000
Finished goods 68,000
Stock at end of year
Raw materials 22,000
Work-in-progress 8,000
Finished goods 60,000
Purchase of raw materials 100,000
Direct wages 80,000
Royalties on goods sold 6,000
Production
Distribution costs 110,000
Administration expenses 140,000
Sales 600,000
The cost of goods manufactured during the year is £.
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