The Ruritanian Chemical Company shows the following account balances for the month of May 2017 in Ruritanian dollars (R$). Calculate the cost of goods manufactured for May 2017. Also, prepare an income statement for May 2017. R$ Customer service cost 800 Direct manufacturing labour 5000 Depreciation plant and equipment 3000 Revenue 51000 Marketing and advertising 1800 Direct materials inventory 1.5.17 3000 Finished goods inventory 31.5.17 6000 Plant repairs and maintenance 3400 Plant utilities 5600 Direct material purchases 7000 Work in progress inventory 31.5.17 4000 Fire insurance plant 800 Indirect materials used 1000 General administrative costs 3000 Depreciation plant building 2000 Work in progress inventory 1.5.17 500 Finished goods inventory 1.5.17 2000 Direct materials inventory 31.5.17 1000 Indirect manufacturing labour 1200 Plant supervision 4000 Miscellaneous plant overhead 1000 Solution Above is the Cost sheet , Cost of Production is manufacturing cost for the month of May- 2017Calaculation of cost of goods manufactured in the month of May-2017ParticularsAmount ($)Amount ($)Direct Materials$ 9,000.00Direct material purchases$ 7,000.00ADD- Opening Direct materials inventory$ 3,000.00LESS- Closing Direct materials inventory$(1,000.00)Direct Labour$ 5,000.00Prime cost$ 14,000.00Factory Over heads$ 22,000.00Depreciation plant and equipment$ 3,000.00Depreciation plant building$ 2,000.00Plant repairs and maintenance$ 3,400.00Fire insurance plant$ 800.00Indirect materials used$ 1,000.00Indirect manufacturing labour$ 1,200.00Plant utilities$ 5,600.00Miscellaneous plant overhead$ 1,000.00Plant supervision$ 4,000.00Factory Cost$ 36,000.00Work in progress inventory$ (3,500.00)ADD- Opening Work in progress inventory$ 500.00LESS- Closing Work in progress inventory$(4,000.00)Finished goods$ (4,000.00)ADD- Opening Finished goods inventory$ 2,000.00LESS- Closing Finished goods inventory$(6,000.00)Cost of Production$ 28,500.00Cost of goods sold$ 28,500.00.

1. The significance of a notochord in the evolution of chordates is that it Allowed the development
of a more complex nervous system. Eliminated the need for segmentation. Allowed the
organism to grow larger. Provided an internal attachment point for muscles. Both A and C.
Organisms in which a circulating body fluid is distant from the fluid that directly surrounds the
body's cells are likely to have An open circulatory system. A closed circulatory system. A
gastrovascular cavity. Branched tracheal system. Hemolymph. How do crustaceans differ from
insects? Crustaceans have an exoskeleton made of chitin. Crustaceans have jointed appendages.
Crustaceans have legs in their abdomen and thorax. Crustaceans are found exclusively in marine
habitats. Both A and C. A characteristic of hominids is Larger brain. Bipedalism. Nighttime
activity Monogamy. Both A and B. What do plants and animals have in common? Plants and
animals need sources of energy. Plants and animals need carbon and nitrogen atoms. Plants and
animals need oxygen. Plants and animals give off carbon dioxide, All of the above, A bilaterally
symmetrical, wormlike animal that has a pseudocoelom, a complete digestive tract and a cuticle
could be a member of which one of the following phyla? Cnidarian Platyhelminthes. Annelida.
Nematode, Chordate
Solution
22. D
Notochord provide the rigid structure for muscle attachment. It has essential roles in vertebrate
development.
23. B) a closed circulatory system
In this blood flows in the closed vessel,and this type of circulatory system found in the
Vertebrates, and a few invertebrates
24. D.
Crustaceans are exclusively marine habitat, but some insects live inside the water.
25 .B
They have two main characteristics; bipedilism and nonhoning teeth.
26 E
27 D.
Roundworms (or nematoda) are wormlike animal that has a pseudocoelum,, a complete digestive
tract, and a transparent cuticle and are bilaterally symmetrical.