Reference no: EM132546796
The Black Pepper Corporation desires to classify the cost and provides you the figure of trial balance for the period ended on December 31, 2016 as under:
Material Consumed: 30% of direct labour cost
Factory overhead: 60% of direct labour cost
Finished goods - Beginning: 49,000
Finished goods - Ending: 68,000
Work in process - Beginning: 42,000
Work in process - Ending: 51,300
Materials - Beginning: 29,500
Materials - Ending: 25,810
Cost of goods manufactured: 460,000
Required:
Question 1: Prepare Cost of Good Manufacture Statement