微觀經(jīng)濟(jì)學(xué)managementaccounting(編輯修改稿)
2024-10-06 10:53 本頁面
【文章內(nèi)容簡介】 of Western Sydney 17 LO5 Ine statement ? Cost of sales ponents PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 18 Cost of sales Manufacturer Ending finished goods inventory Beginning finished goods inventory Cost of goods manufactured + = – Ending merchandise inventory Beginning merchandise inventory Cost of goods purchased – = + Retailer (or wholesaler) Ine statement continued PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 19 TRADING LTD Ine Statement (partial) For the year ended 31 December 2020 MANUFACTURING LTD Ine Statement (partial) For the year ended 31 December 2020 Cost of sales Inventory, 1 January $ 70 000 Cost of goods purchased 650 000 Cost of goods available for sale 720 000 Inventory, 31 December 400 000 Cost of sales $320 000 Cost of sales Finished goods inventory, 1 January $ 90 000 Cost of goods manufactured 370 000 Cost of goods available for sale 460 000 Finished goods inventory, 31 December 80 000 Cost of sales $380 000 Ine statement continued ? Cost of goods manufactured – Goods are at various stages of production at any particular time – At start of financial period, value of partially pleted goods from previous period = beginning WIP Inventory – During financial period, these goods are pleted first, plus new goods started = total current manufacturing costs PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 20 LO6 Ine statement continued ? Determining the cost of goods manufactured PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 21 Cost of goods manufactured Total cost of work in process Ending work in process inventory – = + Total cost of work in process Beginning work in process inventory Total current manufacturing costs = PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 22 Work in process, 1 July $ 18 400 Direct materials Raw materials inventory, 1 July $ 16 700 Raw materials purchases 152 500 Total raw materials available for use 169 200 Less: Raw materials inventory, 30 June 22 800 Direct materials used $146 400 Direct labour 175 600 Manufacturing overhead Indirect labour 14 300 Factory repairs 12 600 Factory utilities 10 100 Factory depreciation 9 440 Factory insurance 8 360 Total manufacturing overhead 54 800 Total current manufacturing costs 376 800 Total cost of work in process 395 200 Less: Work in process, 30 June 25 200 Cost of goods manufactured $370 000 OLSEN MANUFACTURING PTY LTD Cost of Goods Manufactured
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