From the following particulars, you are required to prepare a statement showing (a) the cost of materials consumed, (b) prime cost, (c) works cost, (d) total cost and (e) cost of sales and profit
|
Rs |
|
|
Stock of finished goods on 31 December 1993 |
73,000 |
|
Stock of raw materials on 31 December 1993 |
35,000 |
|
Purchase of raw materials |
7,60,000 |
|
Productive wages |
5,20,000 |
|
Stock of finished goods on 31 December 1994 |
82,500 |
|
Stock of raw materials on 31 December 1994 |
37,500 |
|
Sales of finished goods |
15,45,800 |
|
Works overhead charges |
1,30,200 |
|
Office and general charges |
69,700 |