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The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase?
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The books and record of Jora manufacturing company present the followi...
Raw Material Purchase Calculation for Jora Manufacturing Company
In order to calculate the raw material purchase of Jora Manufacturing Company for the month of August 2002, we need to consider various factors like the raw material available at the beginning and end of the month, the amount of raw material used during the month, and the cost of raw material per unit.
To calculate the raw material purchase, we need to use the following formula:
Raw Material Purchase = (Raw Material Used + Ending Raw Material Inventory) - Beginning Raw Material Inventory
Here, Raw Material Used can be calculated as:
Raw Material Used = Beginning Raw Material Inventory + Raw Material Purchases - Ending Raw Material Inventory
Now, let's calculate each of these components:
1. Beginning Raw Material Inventory = 16,000 units
2. Ending Raw Material Inventory = 17,200 units
3. Raw Material Used = (16,000 + Raw Material Purchases - 17,200) = 14,800 units
We also need to calculate the cost of raw material per unit. This can be done by dividing the total cost of raw material purchases by the total units of raw material purchased. The total cost of raw material purchases can be calculated as:
Total Cost of Raw Material Purchases = Cost of Beginning Raw Material Inventory + Raw Material Purchases - Cost of Ending Raw Material Inventory
Here, the cost of raw material inventory can be calculated by multiplying the units of inventory by the cost per unit. The cost of raw material at the beginning and end of the month is not given in the question, so we cannot calculate it. However, we can assume that the cost of raw material remains constant throughout the month.
Now, let's assume that the cost of raw material per unit is $5. Therefore, the total cost of raw material purchases can be calculated as:
Total Cost of Raw Material Purchases = (16,000 x $5) + Raw Material Purchases - (17,200 x $5) = $80,000 + Raw Material Purchases - $86,000 = $150,000 - $6,000 = $144,000
Finally, we can calculate the raw material purchase as:
Raw Material Purchase = (14,800 + 17,200) - 16,000 = 15,000 units
Therefore, the raw material purchase for Jora Manufacturing Company for the month of August 2002 is 15,000 units.
Introduction
In order to calculate the raw material purchase of Jora Manufacturing Company for the month of August 2002, we need to consider various factors like the raw material available at the beginning and end of the month, the amount of raw material used during the month, and the cost of raw material per unit.
Calculation
To calculate the raw material purchase, we need to use the following formula:
Raw Material Purchase = (Raw Material Used + Ending Raw Material Inventory) - Beginning Raw Material Inventory
Here, Raw Material Used can be calculated as:
Raw Material Used = Beginning Raw Material Inventory + Raw Material Purchases - Ending Raw Material Inventory
Now, let's calculate each of these components:
1. Beginning Raw Material Inventory = 16,000 units
2. Ending Raw Material Inventory = 17,200 units
3. Raw Material Used = (16,000 + Raw Material Purchases - 17,200) = 14,800 units
We also need to calculate the cost of raw material per unit. This can be done by dividing the total cost of raw material purchases by the total units of raw material purchased. The total cost of raw material purchases can be calculated as:
Total Cost of Raw Material Purchases = Cost of Beginning Raw Material Inventory + Raw Material Purchases - Cost of Ending Raw Material Inventory
Here, the cost of raw material inventory can be calculated by multiplying the units of inventory by the cost per unit. The cost of raw material at the beginning and end of the month is not given in the question, so we cannot calculate it. However, we can assume that the cost of raw material remains constant throughout the month.
Now, let's assume that the cost of raw material per unit is $5. Therefore, the total cost of raw material purchases can be calculated as:
Total Cost of Raw Material Purchases = (16,000 x $5) + Raw Material Purchases - (17,200 x $5) = $80,000 + Raw Material Purchases - $86,000 = $150,000 - $6,000 = $144,000
Finally, we can calculate the raw material purchase as:
Raw Material Purchase = (14,800 + 17,200) - 16,000 = 15,000 units
Therefore, the raw material purchase for Jora Manufacturing Company for the month of August 2002 is 15,000 units.
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The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase?
Question Description
The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase?.
The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase?.
Solutions for The books and record of Jora manufacturing company present the following data for the month of August 2002: RAW material. August 1. 16000 .31 August .17200 Work -in - progess . August 1.16000 31 August-24000 Finished Goods 1 August -28000 .31August 36000 Other data Selling expenses. 6800 General and administratiom expenses 5200 Sale of months .150000 Compute the Raw material purchase? in English & in Hindi are available as part of our courses for B Com.
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