how we solved it can anyone help
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Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
-
Subject please?
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Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
Prime cost Rs 73,000, works cost Rs 75,000, total cost of production Rs 80,000 cost of goods sold Rs 75000 cost of sales Rs 79,000 profit Rs 21,000
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Prime cost Rs 73,000, works cost Rs 75,000, total cost of production Rs 80,000 cost of goods sold Rs 75000 cost of sales Rs 79,000 profit Rs 21,000
have you solved it zareen -
LEARNING OBJECTIVES:
• To develop understanding of the elements involved in the cost of goods sold statement of manufacturing concerns.Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
-
LEARNING OBJECTIVES:
• To develop understanding of the elements involved in the cost of goods sold statement of manufacturing concerns.Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
please solve step by step i wll submit on monday
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Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
subject not mentioned yet
Discussion is right way to get Solution of the every assignment, Quiz and GDB.
We are always here to discuss and Guideline, Please Don't visit Cyberian only for Solution.
Cyberian Team always happy to facilitate to provide the idea solution. Please don't hesitate to contact us!
%(red)[NOTE: Don't copy or replicating idea solutions.]
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Mid and Final Past Papers
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@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
subject not mentioned yet
@zareen which one subject what you want to say i am not getting your point
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@zareen which one subject what you want to say i am not getting your point
@kashif-malik said in how we solved it can anyone help:
@zareen which one subject what you want to say i am not getting your point
which subject your are asking that question!
Discussion is right way to get Solution of the every assignment, Quiz and GDB.
We are always here to discuss and Guideline, Please Don't visit Cyberian only for Solution.
Cyberian Team always happy to facilitate to provide the idea solution. Please don't hesitate to contact us!
%(red)[NOTE: Don't copy or replicating idea solutions.]
Quiz Copy Solution
Mid and Final Past Papers
Live Chat -
@kashif-malik said in how we solved it can anyone help:
@zareen which one subject what you want to say i am not getting your point
which subject your are asking that question!
-
@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
Prime cost Rs 73,000, works cost Rs 75,000, total cost of production Rs 80,000 cost of goods sold Rs 75000 cost of sales Rs 79,000 profit Rs 21,000
@zareen
i need soloution below mention points
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
-
@zareen i am asking about financial accounting mgt101
@kashif-malik said in how we solved it can anyone help:
@zareen i am asking about financial accounting mgt101
ok but this discussion not recommended for “MGT101”. Please get quick response, to post question reverent categories.
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@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
Prime cost Rs 73,000, works cost Rs 75,000, total cost of production Rs 80,000 cost of goods sold Rs 75000 cost of sales Rs 79,000 profit Rs 21,000
-
@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
Prime cost Rs 73,000, works cost Rs 75,000, total cost of production Rs 80,000 cost of goods sold Rs 75000 cost of sales Rs 79,000 profit Rs 21,000
@zareen said in how we solved it can anyone help:
@kashif-malik said in how we solved it can anyone help:
Following information is extracted from the books of a manufacturing concern on 31st December 2019.
Particulars Rs. Particulars Rs.
Opening stock of raw material 13,000 Furniture and Fixtures 72,000
Plant and Machinery 98,000 Bank charges 5,453
Cash in hand 12,800 Cost of material available for use 62,000
Opening inventory of finished goods 8,000 Cost of direct material used 50,000
Sundry creditors 54,000 Direct labour cost 10,000
Sundry debtors 20,000 Factory overhead cost 5,000
Loan taken from bank 44,300 Sales 85,000
Cost of goods available for sale 75,000 Gross profit 21,000Required:
Based on the above information, you are required to calculate the amount of:- Purchases
- Prime cost
- Cost of goods manufactured
- Conversion cost
- Cost of goods sold
Prime cost Rs 73,000, works cost Rs 75,000, total cost of production Rs 80,000 cost of goods sold Rs 75000 cost of sales Rs 79,000 profit Rs 21,000
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