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Compute the opening stock of raw material from the details given below: Raw material purchased $ 37,000 Transport Inwards $7,000 Closing Stock $5,000 Raw material consumed $ 50,000 Raw material consumed Direct machine cost Direct labour hours Wage rate per hour Factory power Factory Manager's Salary $ 35,164 $15,156 1500 hours $7

Accounting Jan 25, 2021

Compute the opening stock of raw material from the details given below: Raw material purchased $ 37,000 Transport Inwards $7,000 Closing Stock $5,000 Raw material consumed $ 50,000
Raw material consumed Direct machine cost Direct labour hours Wage rate per hour Factory power Factory Manager's Salary $ 35,164 $15,156 1500 hours $7.5 per hour $8,184 $5,100

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