Model: Preparation of cost sheet, trading and profit and loss account and then reconciliation statement.
In a factory, works overheads are absorbed at 60? of works cost. You are required to prepare
- Cost sheet
- Trading and profit and loss account and
- Reconciliation statement
From the following information:
|
Materials |
4,00,000 |
Factory: Rs.1,80,000 |
|
Wages |
3,00,000 |
Office: Rs. 1,76,000 |
|
Factory expenses in finance book |
2,00,000 |
|
|
Office expenses in finance book |
1,70,000 |
|
|
Stock at the end is 10% of the output sales are |
10,40,000 |