Please assist urgently: Border Limited manufactures bicycle bells. The following information was extracted...
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Accounting
Please assist urgently: Border Limited manufactures bicycle bells. The following information was extracted from the records of Border Limited for the year ended December : Opening inventories Finished goods units R Materials R Purchases Materials R Direct labourin respect of production R Indirect labour R Manufacturing overheads R Closing inventories Materials R Administrative expenses R Additional information: During the year ended December units were manufactured and units were sold. Finished goods were valued using the firstinfirstout method. There was no closing or opening inventories in the workinprogress account. Required: Calculate the "Cost of sales" lineitem as it will appear in the statement of profit or loss and other comprehensive income of Border Limited for the year ended December Materials consumed Blank Fill in the blank, read surrounding text. Cost per unit Blank Fill in the blank, read surrounding text. Cost of sales Blank Fill in the blank, read surrounding text.
Please assist urgently:
Border Limited manufactures bicycle bells. The following information was extracted from the records of Border Limited for the year ended December :
Opening inventories
Finished goods units R
Materials R
Purchases
Materials R
Direct labourin respect of production R
Indirect labour R
Manufacturing overheads R
Closing inventories
Materials R
Administrative expenses R
Additional information:
During the year ended December units were manufactured and units were sold.
Finished goods were valued using the firstinfirstout method.
There was no closing or opening inventories in the workinprogress account.
Required:
Calculate the "Cost of sales" lineitem as it will appear in the statement of profit or loss and other comprehensive income of Border Limited for the year ended December
Materials consumed Blank Fill in the blank, read surrounding text.
Cost per unit Blank Fill in the blank, read surrounding text.
Cost of sales Blank Fill in the blank, read surrounding text.
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