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Appendix A Direct Material Essential Palm oil Opening Inventory 1st June 2022 Add: Purchases Less: Material Used (68%) C

Posted: Fri Jul 01, 2022 8:51 am
by answerhappygod
Appendix A Direct Material Essential Palm Oil Opening Inventory 1st June 2022 Add Purchases Less Material Used 68 C 1
Appendix A Direct Material Essential Palm Oil Opening Inventory 1st June 2022 Add Purchases Less Material Used 68 C 1 (62.97 KiB) Viewed 35 times
Please help with Cost of Goods manufactured statement in proper COGM manufactured statement format
Appendix A Direct Material Essential Palm oil Opening Inventory 1st June 2022 Add: Purchases Less: Material Used (68%) Closing Inventory 30th June 2022 Soldium Hydroxide Opening Inventory 1st June 2022 Add: Purchases Less: Material Used (7%) Closing Inventory 30th June 2022 Potassium Hydroxide Opening Inventory 1st June 2022 Add: Purchases Less: Material Used (1.5%) Closing Inventory 30th June 2022 Quantity (KG) 40,000 50,000 40,000 50,000 Quantity (KG) 30,000 15,000 20,000 25,000 Quantity (KG) 20,000 10,000 20,000 10,000 Unit Cost (RM/KG) 6.5 6.5 6.5 6.5 Unit Cost (RM/KG) 20 20 20 20 Unit Cost (RM/KG) 15 15 15 15 Cost (RM) 260,000 325,000 (260,000) 325,000 r Cost (RM) 600,000 300,000 (400,000) 500,000 Cost (RM) 300,000 150,000 (300,000) 150,000 Purified Water Opening Inventory 1st June 2022 Add: Purchases Less: Material Used (23.8%) Closing Inventory 30th June 2022 Quantity (KG) 20,000 10,000 15,000 15,000 Unit Cost Cost (RM) (RM/KG) RM2 RM2 RM2 RM2 40,000 20,000 (30,000) 30,000 *Direct Labor =RM10x 8 hours = RM80 per shift *RM10= Direct Labour Hourly Costs *8 hours = Work 8 Hours per shirt as required. "11 Manpower x RM10 x 8 Hours x 26 Days = RM22,880 *Direct labour costs are those labour costs that can be easily traced to individual units of wwwwwww product.
Particulars To Factory Overheads: indirect material indirect labor depreciation on soap factory depreciation of factory for production office utilities office supplies insurance plant utilities factory utilities Manufacturing Account Amount (RM) 80,000 10,000 2,500 2,500 2,000 1,500 2,000 1,000 5,000 1,06,500 Particulars By Cost of production of finished goods Amount (RM) 1,06,500 1,06,500