Perek PLC has the following information of last year: Raw material used in production =...
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Accounting
Perek PLC has the following information of last year:
Raw material used in production = 326
Total manufacturing costs charged to production during the year (includes direct material, direct labour, and overhead equal to 60% of direct labour cost) = 686
Cost of goods available for sale = 826
Selling and admin expenses = 25
Inventory raw material = 75 beginning, 85 ending
Inventory work in progress = 80 beginning, 30 ending
Inventory finished goods = 90 beginning, 110 ending
Calculate:
Direct labour cost charged to production during the year.
The cost of goods manufactured.
The cost of goods sold.
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