Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pok mat manufacturing (pmm) had the following data

Pok Mat Manufacturing (PMM) had the following data for the period...

70.2K

Verified Solution

Question

Accounting

Pok Mat Manufacturing (PMM) had the following data for the period just ended:
RM
Work in process, Jan. 121,000
Work in process, Dec. 3140,000
Finished goods, Jan. 170,000
Finished goods, Dec. 31 Raw materials, Jan.1
Raw materials purchase 61,000
10,000
150,000
Raw materials, Dec.3134,000
Direct labour 260,000
Factory depreciation 80,000
Sales 945,000
Office utilities 18,000
Salaries of administrative staff 33,000
Advertising expense 52,000
Factory utilities 27,000
Indirect materials 19,000
Indirect labor 35,000
Required:
a) Calculate the prime cost of PMM.b) Calculate PMM's cost of goods manufactured.c) Calculate PMM's cost of goods sold.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

explain how the cathode rays may be obtained

Chemistry
Q

Why might a student who is claimed as a dependent on another person's tax filing (e.g....

Finance
Q

A researcher was interested in the effects of different study methods on learning, among a class...

Basic Math
Q

Jocelyn owns a small business selling used books. She knows that in the last week...

Basic Math
Q

The angle of elevation of the sun is 35 from the ground. A business building...

Basic Math
Q

answers Work must be shown for full credit 15 A music concert is organized at...

Algebra
Q

On February 1, 2024, Strauss L...

Accounting
Q

Do the cash flow calculations correct? Why? ID Details Year o Year 1...

Accounting
Q

15 niteme Ches nomer Oerese netine ary m owteneary 15 niteme Ches nomer Oerese netine...

Accounting
Q

What is the best definition of tax basis? Make sure to provide detail on why...

Accounting
Q

please help solve Schedule of cash payments for a service company EastGate...

Accounting
Q

What is a non-parametric test? A) A test that does not assume...

Accounting