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Author Question: Redat a start up manufacturing company's bookkeeper left suddenly leaving rather ... (Read 51 times)

jparksx

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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 112,600
Direct labour in June11,000
Purchases of direct material in June14,600
Work in process inventory, June 12,900
Revenues in June62,000
Gross profit in June21,000
Direct materials used in June17,300
Raw materials inventory, June 305,600
Manufacturing overhead in June19,400

Find the following amounts:
A. Cost of goods sold in June.
B. Beginning raw materials inventory.
C. Ending finished goods inventory.


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Marked as best answer by jparksx on Jan 4, 2020

Jevvish

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jparksx

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Reply 2 on: Jan 4, 2020
Excellent


aruss1303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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