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Calculate the Direct manufacturing costs

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Reference no: EM132964742

Question - The following information is related to a manufacturing company for the year ended 30 June 2020.

$

Direct materials on 1 July 2019 20,000

Direct materials on 30 June 2020 35,000

Direct materials purchased 40,000

Direct manufacturing labour costs 40,000

Indirect manufacturing labour costs 27,000

Factory repairs and maintenance costs 6,000

Indirect materials used 22,000

Marketing costs 55,000

Sales commission costs 12,000

Plant electrical expenses 9,000

Work in progress Inventory, 1 July 2019 60,000

Work in progress inventory, 30 June 2020 79,000

Finished goods inventory, 1 July 2019 81,000

Finished goods inventory, 30 June 2020 69,000

Required - Using the information above to calculate the following:

1. Calculate the Direct materials used?

2. Calculate the Direct manufacturing costs?

3. Calculate the Total Manufacturing cost?

4. Calculate the Cost of goods manufactured?

5. Calculate the Cost of goods sold?

Reference no: EM132964742

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