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Accounting
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The cost department of the Alpha Corporation prepared the following data and costs for the year 1998
jan 01 dec 31
finished goods 48600 ?
work in process 81500 42350
materials 34200 49300
depriciation (factory equipment) 21350
intrest earned 6300
Finished goods inventory
january 1300 units
Dec 420 units all for current year production
Sale during 1999
3880 units at 220 units per unit
Materials Purchased Rs. 364,000
Direct Labour 162,500
Indirect labour 83,400
Freight in 8,600
Miscellaneous factory overhead 47,900
Purchased discount 5,200
Required:
(1) The unit cost of the finished goods inventory, December 31
(2) The total cost of the finished goods inventory, December 31
(3) The cost of goods sold
(4) The gross profit total and the gross profit per unit
jan 01 dec 31
finished goods 48600 ?
work in process 81500 42350
materials 34200 49300
depriciation (factory equipment) 21350
intrest earned 6300
Finished goods inventory
january 1300 units
Dec 420 units all for current year production
Sale during 1999
3880 units at 220 units per unit
Materials Purchased Rs. 364,000
Direct Labour 162,500
Indirect labour 83,400
Freight in 8,600
Miscellaneous factory overhead 47,900
Purchased discount 5,200
Required:
(1) The unit cost of the finished goods inventory, December 31
(2) The total cost of the finished goods inventory, December 31
(3) The cost of goods sold
(4) The gross profit total and the gross profit per unit
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