Determine direct material destroyed

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A fire destroyed XYZ manufacturing company completely on January 29, 2011. Fortunately certain accounting records were kept in another building. It revealed the following for the period from January 1, 2011 to January 29, 2011.

Direct material used                                 Br 160,000

WIP January 1                                           34,000

Direct material January 1, 2011                     16,000

Finished Goods Inventory January 1, 2004            36,000

MOH cost                                                     40% of conversion cost

Revenue                                                       500,000

Direct labor cost                                              180,000

Prime cost                                                        294,000

Gross profit based on sales                                       20%

Cost of Goods available for sale                              450,000

Required:

Question a) Direct material destroyed

Question b) Cost of goods manufactured

Question c) Finished goods destroyed

Question d) WIP destroyed

Reference no: EM132609815

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