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    cute_asma's Avatar
    cute_asma Posts: 3, Reputation: 1
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    #1

    May 28, 2010, 08:20 PM
    Cost of good manufactured missing figures problems
    ATHER MANUFACTURING COMPANY


    INVENTORIES JANUARY 1 1995

    RAW MATERIAL Rs 546,000
    GOODS IN PROCESS Rs 324,000
    FINISHED GOODS Rs 482,000

    INVENTORIES DECEMBER 31 1995

    [CENTER]RAW MATERIAL[CENTER]GOODS IN PROCESS
    FINISHED GOODS
    MATERIALS 581,000 129,000 435,000

    LABOUR - 42,000 270,000

    OVERHEAD - ? 216,000

    Date of the year ended December 31

    COST OF GOODS MANUFACTURED Rs 81,128,800

    Factory overhead Rs 5,300,000

    The Company also paid transportation cost on materials purchased of Rs 2,77,000
    It received credit of Rs 163,000 for material return to suppliers.

    REQUIRED ;

    ON the basis of the above information and missing date which can be derived from it
    PRPARE a statement of COST OF GOODS MANUFACTURED for the year ended DECEMBER 31, 1995
    cute_asma's Avatar
    cute_asma Posts: 3, Reputation: 1
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    #2

    May 28, 2010, 08:21 PM

    Help me
    cute_asma's Avatar
    cute_asma Posts: 3, Reputation: 1
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    #3

    May 28, 2010, 08:27 PM

    Inventories December 31, 1995

    Raw material:
    Materials 581,000
    Labour _
    Overhead _

    Goods in process:
    Materials 129,000
    Labour 42,000
    Overhead ?

    Finished goods

    Materials 435,000
    Labour 270,000
    Overhead 216,000
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #4

    May 28, 2010, 09:22 PM
    Hi, cute_asma!

    You're looking for someone to help you to learn how to come up with the answers yourself. Correct?

    Thanks!
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #5

    May 29, 2010, 12:27 AM

    The information is in kind of a mess and I don't understand it. Think you could clean it up a bit so that we can tell what is supposed to be what?

    Also, we know you want help, as everyone else does. Posting a minute later to say so is not useful. We are volunteers with lives and are not answering people one minute after they post a question.
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