Csec Past Paper Solutions. - ACCOUNTING LYCEUM

ACCOUNTING LYCEUM

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Csec: May 2013, Question #4

4/4/2018

No. 4(a): Calculation of missing figures and preparation of the Statement of Raw Materials Consumed:
Calculation of missing figures:

Raw materials inventory at 1st January, 2012 = 300 metres x $19 = $5,700.
Raw materials inventory at 31st December, 2012 = 340 metres x $24 = $8,160.
Purchases of raw materials = (4,500 metres x $19)+(2,150 metres x $24) = $85,500+$51,600 = $137,100.
Return outwards of raw materials = (100 metres x $24) = $2,400.

Below is the Statement of Raw Materials Consumed:

CSEC: MAY 2012, QUESTION #6

3/29/2018

No. 6(a) (i): Calculation of direct materials consumed:

No. 6(a) (ii): Calculation of indirect materials used: