Subject : Cost Accounting b)The total manufacturing cost for Rayshum Hosier House is 302,000 dollars, with the sales523,610 dollars, while the work in process at the start of the month is amounted 35,600 dollarswith the ending processing cost as 40,500 dollars. The Finished goods available in the warehouseearlier is 16,200 dollars while the finished goods at the end of month is 21,300 dollars. You arerequired to calculate the :Cost of Goods available for saleGross ProfitC) Following transaction relate to a material coded as M-120 .Prepare the material ledger cardusing Average costing system.• During Costing system which system seemed to be more appropriate as FIFO ,LFO ACMfrom the seller point of view without calculation. Give your general review.DateTransactionUnits with rateMarch 01Balance available600 units at the rate of 28dollarsMarch 03Received300 units at the rate of 32dollarsMarch 08Issued250 unitsMarch 21Received400 units at the rate of 22dollarsMarch 24Issued700 unitsMarch 27Issued50 units2

Comment: The Question is Multiple type, so SME will answer only one question. For the rest of the…

b)The total manufacturing cost for Rayshum Hosier House is 302,000 dollars, with the sales 523,610 dollars, while the work in process at the start of the month is amounted 35,600 dollars with the ending processing cost as 40,500 dollars. The Finished goods available in the warehouse earlier is 16,200 dollars while the finished goods at the end of month is 21,300 dollars. You are required to calculate the : • Cost of Goods available for sale • Gross Profit

b)The total manufacturing cost for Rayshum Hosier House is 302,000 dollars, with the sales 523,610 dollars, while the work in process at the start of the month is amounted 35,600 dollars with the ending processing cost as 40,500 dollars. The Finished goods available in the warehouse earlier is 16,200 dollars while the finished goods at the end of month is 21,300 dollars. You are required to calculate the : • Cost of Goods available for sale • Gross Profit

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...

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