Reference no: EM132547466

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