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Talha 56
Jan 29, 2013, 12:42 AM
Mat Company’s purchases of materials during March totaled Rs.110,000, and the cost of goods sold for March was Rs.345,000. Factory Overhead was 50% of direct labor cost. Other information pertaining to Mat Company’s inventories and production for March is as follows:
Inventories Beginning Ending
Finished goods Rs.102,000 Rs.105,000
Work in process 40,000 36,000
Materials 20,000 26,000
Required:
1. Prepare a schedule of cost of goods manufactured for March.
2. Compute prime cost charged to work in process during March.
3. Compute conversion cost charged to work in process during March.

paraclete
Jan 29, 2013, 04:42 PM
Start by establishing what the movements are and isolate that component that must be labour and overhead, from the information you have you can then calculate labour cost

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