The following particulars relating to the year 1994 have been taken from the books of a chemical works, manufacturing and selling a chemical mixture:
|
Stock on 1 January 1994 |
Kg |
Rs |
|
Raw materials |
2,000 |
2,000 |
|
Finished mixture |
500 |
1,750 |
|
Factory stores |
7,250 |
|
|
Purchases |
||
|
Raw materials |
1,60,000 |
1,80,000 |
|
Factory stores |
24,250 |
|
|
Sales |
||
|
Finished mixture |
1,53,050 |
9,18,000 |
|
Factory scrap |
8,170 |
|
|
Factory wages |
178,650 |
|
|
Power |
30,400 |
|
|
Depreciation of machinery |
18,000 |
|
|
Salaries |
||
|
Factory |
72,220 |
|
|
Office |
37,220 |
|
|
Selling |
41,500 |
|
|
Expenses |
||
|
Direct |
18,500 |
|
|
Office |
18,200 |
|
|
Selling |
18,000 |
|
|
Stock on 31 December 1994 |
||
|
Raw materials |
1,200 |
|
|
Finished mixture |
450 |
|
|
Factory stores |
5,550 |
The stock of finished mixture at the end of 1994 is to be valued at the factory cost of the mixture for that year. The purchase price of raw materials remained unchanged throughout 1994.
Prepare a statement giving the maximum possible information on cost and its break up for 1994.