From the following details relating to Kannan Ltd. for the quarter ending on 31 March 1999, prepare a cost sheet showing profit or loss for the quarter:
|
Particulars |
Rs |
|
Rs |
|
|
wages |
35,000 |
Loss on sale of plant |
1500 |
|
|
Factory Expenses |
7,500 |
Stock of raw material,31 march 1999 |
22,500 |
|
|
Stock of raw material, |
15,000 |
factory rent |
2,000 |
|
|
1 January 1999 |
Sundry office expenses |
3,000 |
||
|
raw material purchase |
140,000 |
Advertise |
3,000 |
|
|
packing and delivery charges |
14,000 |
finished stock on 1 January 1999,200 unit(fully sold) |
14,000 |
|
|
Income tax |
10,000 |
|||
|
Sales |
250,000 |
Units produced |
3,000 |
|
|
finished stock on 31 march 1999,400 units |
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