Closing stock on 30th november consisted of 200 units

Assignment Help Accounting Basics

Reference no: EM13482584

Barley Ltd produces a certain food item in a manufacturingprocess. On 1st November there was no opening stock in process.During November, 700 units of material were put in to process, witha cost of Rs, 20,000. Direct labor cost in November was Rs.15;000. production overhead is absorbed at the rate of 300% of directlabor costs. Closing stock on 30th November consisted of 200 units which were 100% completed as to materials and 80% completed as tolabor and over head.

Required: Calculate the quantity of units completed and transfer-out.

Reference no: EM13482584

Questions Cloud

Lance berkman is the controller of saturn a dance club : lance berkman is the controller of saturn a dance club whose year end is december 31. berkman prepares checks for

How much must be contributed each year by alex hardaway to : alex hardaway borrowed 90000 on march 1 2008. this amount plus accrued interest at 12 compounded semiannually is to be

One employee argues that future benefits of the equipment : abc co recently spent 1200000 to acquire a piece of equipment. the accounting staff is unsure how to properly classify

Prepare the journal entries to record the preceding : 7 comprehensive receivables problem blackmon corporations december 31 2012 balance sheet disclosed the following

Closing stock on 30th november consisted of 200 units : barley ltd produces a certain food item in a manufacturingprocess. on 1st november there was no opening stock in

The cost of goods sold computations for obrien company and : the cost of goods sold computations for obrien company and weinberg company are shown

Casmix2 hi please find the attached file i need to do : hi please find the attached file i need to do paraphrase for this questions answers all answers. make sure that you

Calculate gross receivables for the years given and then : from the income statementnet sales729373678960from the balance sheetaccounts receivable net1491915036customer

Lebo made two errors 1 2008 ending inventory was : lebo hardware reported the cost of goods sold as follows20082009beginning inventory2456033960cost of goods

User Account

All Pages