The books of Adarsh manufacturing company present the following data for the month of June 2005:Direct labour cost is Rs 35,000 being 17.5% of works overheads. Cost of goods sold excluding administration expenses is Rs 1,12,000.Inventory account showed the following opening and closing balances:
|
1 June |
30 June |
|
|
Raw materials |
16,000 |
21,200 |
|
WIP |
21,000 |
29,000 |
|
Finished goods |
35,200 |
38,000 |
|
Other data: |
||
|
Selling expenses |
7,000 |
|
|
General and administration expenses |
5,000 |
|
|
Sales for the month |
1,50,000 |
You are required to compute the value of materials purchased.