[Talha 56]

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]

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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