Jenny's Jewellery Ltd has developed the following information for the year ended 31 December 2019:
The Work in process inventory on 1 January 2019 was 80% of the work in process inventory on 31 December 2019.
Instructions: Prepare a cost of goods manufactured schedule for Jenny's Jewellery Ltd for the year ended 31 December 2019.

Question

Jenny's Jewellery Ltd has developed the following information for the year ended 31 December 2019:
  The Work in process inventory on 1 January 2019 was 80% of the work in process inventory on 31 December 2019.
Instructions: Prepare a cost of goods manufactured schedule for Jenny's Jewellery Ltd for the year ended 31 December 2019.

Quizplus · Accepted Answer

The Answer of Jenny's Jewellery Ltd has developed the following information for the year ended 31 December 2019:
  The Work in process inventory on 1 January 2019 was 80% of the work in process inventory on 31 December 2019.
Instructions: Prepare a cost of goods manufactured schedule for Jenny's Jewellery Ltd for the year ended 31 December 2019.

Jenny's Jewellery Ltd Has Developed the Following Information for the Year