Solution-What is the cost of goods manufactured for July

What is the cost of goods manufactured for July

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Reference no: EM133041377

Question - Boboy Company manufactures fishing rods. At the beginning of July, the following information was supplied by its accountant:

	RM
Raw material inventory	40,000
Work in process inventory	21,000
Finished goods inventory	23,200

During July, the direct labour cost was RM43,500, raw material purchases were RM64,000 and total overhead cost was RM108,750. The inventories at the end of July were:

	RM
Raw materials inventory	19,800
Work in process inventory	32,500
Finished goods inventory	22,100

Required -

a) What is the cost of the direct materials used in production during July?

b) What is the cost of goods manufactured for July?

c) What is the cost of goods sold for July?

Reference no: EM133041377

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What is the cost of goods manufactured for July

Reference no: EM133041377

Reference no: EM133041377

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