Bhimani, Horngren,
Datar and Rajan,
Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012
Solutions to exercises 14.11 Cost of goods sold budget, fill in the missing numbers. (20 min)
June 2011 November 2011 Opening
finished goods stock G
€71
e
Direct materials used
€962
a
€847
G
Direct manufacturing labour G G Manufacturing overhead
Gd Cost of goods manufactured 2,215
G
1,878
G
Cost of goods available for sale
2,302
b
1,949
G
Deduct
closing finished goods stock c
94
G
Cost of goods sold G fab. c − 2,189 = 113. def. G = given.
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