Model: Cost sheet (value of stock to be computed)
Vasant Ltd manufactures a product. A summary of its activities for the year 2009–2010 is given below:
|
Units |
||
|
Sales |
1,00,000 |
10,00,000 |
|
Material, 1 April 2009 |
50,000 |
|
|
Material, 31 March 2010 |
35,000 |
|
|
Work-in-progress, 1 April 09 |
45,000 |
|
|
Work-in-progress, 31 March 10 |
60,000 |
|
|
Finished goods, 1 April 2009 |
20,000 |
1,00,000 |
|
Finished goods, 31 March 2010 |
40,000 |
|
|
Materials purchased |
2,00,000 |
|
|
Direct labour |
1,60,000 |
|
|
Manufacturing overhead |
1,20,000 |
|
|
Selling expenses |
1,10,000 |
|
|
General expenses |
50,000 |
|
|
Prepare a cost sheet. |
[B.Com (Hons), Delhi. Modified]