Reference no: EM132633496

Galactic ltd cost of goods sold for June was $690 000. work in process inventory on 30 June as 90 per cent of the 1 June work in process inventory. manufacturing overhead applied was 50% of direct material labour cost. Other information relating to the company's inventories and production for June is as follows:

beginning inventories, 1 June: $

Raw material 34 000

work in process 80 000

Finished goods 204 000

Purchased of raw material during June 226 000

Ending inventory, 30 June:

Raw material 52 000

Work in process xxx

Finished goods 210 000

Required

Question 1: create a schedule of cost of goods manufactured for June.

Question 2: Create a schedule to calculate the prime cost (direct material and direct labour) incurred during June.

Question 3: Prepared a schedule to calculate the conversion cost (direct labour and manufacturing overhead) charged to work in process during June.