Prepare a cost sheet showing cost of production and profit from the following data:
|
Opening |
Closing |
|
|
Stock of raw materials |
75,000 |
78,750 |
|
Work-in-progress |
24,600 |
27,300 |
|
Finished goods |
52,080 |
47,250 |
|
Purchases for the year |
65,700 |
|
|
Sales |
2,16,930 |
|
|
Direct wages |
51,450 |
|
|
Works expenses |
25,020 |
|
|
Office expenses |
20,610 |
|
|
Selling and distribution expenses |
12,630 |
|
|
Sale of scrap |
990 |