The following information is obtained from the records of a factory for the period from 1 June to 30 June:
|
Rs |
|
|
Opening balance of raw materials on 1 June |
15,000 |
|
Purchases of raw materials during the month |
2,25,000 |
|
Wages paid |
1,15,000 |
|
Factory overheads |
46,000 |
|
Opening balance of WIP on 1 June |
6,000 |
|
Opening balance of WIP on 30 June |
7,500 |
|
Closing balance of raw materials on 30 June |
12,500 |
|
Opening balance of finished goods manufactured on 1 June |
30,000 |
|
Closing balance of finished goods manufactured on 30 June |
27,500 |
|
Selling and distribution overheads |
10,000 |
|
Administration overheads |
15,000 |
|
Sales |
4,50,000 |
Prepare statement on cost of production of goods manufactured, statement of cost of production of goods sold and statement of profit on sales.