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How to create cost of good manufacture statement

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Reference no: EM132546514

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:

Rupees 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

Reference no: EM132546514

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