Accounting – 5.5 Manufacturing accounts | e-Consult
5.5 Manufacturing accounts (1 questions)
Login to see all questions.
Click on a question to view the answer
Manufacturing Accounts
| Item | £ |
| Opening Stock | 12,000 |
| Direct Materials Issued | 45,000 |
| Direct Labour | 28,000 |
| Factory Overheads | 15,000 |
| Closing Stock | 10,000 |
| Cost of Goods Manufactured | 90,000 |
Note: Cost of Goods Manufactured = Opening Stock + Direct Materials Issued + Direct Labour + Factory Overheads - Closing Stock