The following were some of the ledger balances in the books of Dev and co. on Mar 31, 2009.
|
Rs. |
Rs. |
||
|
Raw material stock on apr1, 2000 |
20,000 |
Plant and machinery as cost |
80,000 |
|
Stock of work progress |
30,000 |
Leasehold building as cost |
50,000 |
|
Direct wages |
80,000 |
Provision for depreciation |
|
|
Sales |
2,70,000 |
Leasehold building |
7,000 |
|
Purchase |
1,80,000 |
Plant and machinery |
5,000 |
|
Return inwards |
10,000 |
Fixture and fitting |
2,000 |
|
Carriage inwards |
2,500 |
Replacement cost of fixed cost |
18,000 |
|
Direct wages |
70,000 |
Sale of scrap |
2,500 |
|
Repair to building |
3,000 |
Factory power |
7,500 |
|
Indirect wages |
9,000 |
Factory rates |
9,000 |
|
Bank overdraft |
20,000 |
Stock of finished goods as on apr1, 2008 |
45,000 |
Additional Information
- Factory buildings are held on a 60 year lease
- Stocks on Mar 31, 2009: Raw materials Rs 25,000; Work in Progress Rs 35,000; Finished Goods Rs 60,000
- Depreciate the Plant and Machinery @10% p.a.
- The factory production was charged to finished goods at cost
- Prepare a Manufacturing Account for the year ended on Mar 31, 2009.