0333-7637637
Solution 1.
29 80 10 800 70 10 700/
800 10 8000/
Solution 2:
Cost of Goods Sold Statement under FIFO
Amount
Opening Inventory 250 Gallon at 5 each 1250
Add F.O.H applied Cost for the period 1000 hrs at 6 each 6000
Working Note...
FACTORY OVERHEADS 7500
APPLIED FACTORY OVERHEADS (6000)
UNDER APPLIED FACTORY OVERHEADS 1500
Muhammad Soban
0333-7637637