The following information for the year ended on 31st March 2007 is obtained from the books and records of a manufacturing company
|
Particulars |
Completed Jobs Rs. |
Work In Progress Rs |
|
Raw material supplied from stores |
88,000 |
32,000 |
|
Wages |
1,00,000 |
40,000 |
|
Chargeable expenses |
10,000 |
4,000 |
|
Material returned to stores |
1,000 |
Factory overheads are 80% of wages. Office overheads are 25% of factory cost and selling and distribution overheads are 10% of cost of production. The completed jobs realized Rs.4, 10,000.
Prepare: Work in Progress Ledger Control Account, Completed Job Ledger Control Account and Cost of Sales Account