Reference no: EM132995316
Question - The following data relate to XYZ ltd
Inventories Beginning (Nu.) Ending (Nu.)
Finished goods 1,10,000 95,000
Work in progress 70,000 80,000
Raw materials 90,000 95,000
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
Requirements -
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.