Reference no: EM133016795
Question - The following data relate to XYZ ltd Inventories
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Beginning (Nu.)
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Ending (Nu.)
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Finished goods
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1,10,000
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95,000
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Work in progress
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70,000
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80,000
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Raw materials
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90,000
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95,000
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Additional information:
Cost of goods available for sale 6,84,000
Total goods processed during the period 6,54,000
Factory overheads 1,67,000
Direct material used 1,93,000
Required -
i. Determine the raw material purchased.
ii. Determine the direct labor cost incurred.
iii. Determine the cost of goods sold.
iv. Analyze your findings in most suitable way.
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Determine the direct labor cost incurred
: Additional information: Cost of goods available for sale 6,84,000. Determine the direct labor cost incurred
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