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Redat a start up manufacturing company bookkeeper left suddenly leaving rather incom

Redat a start up manufacturing company bookkeeper left suddenly leaving rather incom

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.

Tripti 07-Dec-2019

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