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Redat a start up manufacturing company's bookkeeper left suddenly leaving rather incomplete
accounting records for the last month of his employment. You have been hired to sort out the puzzle. Assume Redat's raw materials inventory contains only direct materials. You have the following information available:
|
Work in process inventory, June 30 |
$6,400 |
|
Finished goods inventory, June 1 |
12,600 |
|
Direct labour in June |
11,000 |
|
Purchases of direct material in June |
14,600 |
|
Work in process inventory, June 1 |
2,900 |
|
Revenues in June |
62,000 |
|
Gross profit in June |
21,000 |
|
Direct materials used in June |
17,300 |
|
Raw materials inventory, June 30 |
5,600 |
|
Manufacturing overhead in June |
19,400 |
Find the following amounts:
A. Cost of goods sold in June.
B. Beginning raw materials inventory.
C. Ending finished goods inventory.
Dec 07 2019 View more View Less
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