ACC203 – Foxwood Company is a metal and woodcutting manufacturer
Popeye Company is a metal and wood cutting manufacture – Click on this link ACC203 Assignment Question 2 Foxwood Company is a metal and woodcutting manufacturer, selling products to the home construction market. Consider the following data for 2018: Sandpaper $2,000 Materials-handling costs 70,000 Lubricants and coolants 5,000 Miscellaneous indirect manufacturing labour 40,000 Direct manufacturing labour 300,000 Direct materials inventory 1 Jan 2018 40,000 Direct materials inventory 31 Dec 2018 50,000 Finished goods inventory 1 Jan 2018 100,000 Finished goods inventory 31 Dec 2018 150,000 Work in process inventory 1 Jan 2018 10,000 Work in process inventory 31 Dec 2018 14,000 Plant leasing costs 54,000 Depreciation – plant equipment 36,000 Insurance on plant equipment 3,000 Direct material purchased…
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