Question

1.Prepare the cost sheet to show the total cost of production and cost per units of goods manufactured

by a company for the month of July 1996 . Also find out the cost of sales.

I I

Stock of raw materials 1.7.1996

Raw materials purchased

Stock of Raw materials 31.7.1996

Manufacturing wages

Depreciation on plant

Loss on sale of a part of plant

Factory rent and rates

3,000

28,000

4,500

7,000

1,500

300

3,000

Office rent

General expenses

Discount on sales

Advertisement expense

to be charged fully

Income tax paid

500

400

300

600

2,000

The number of units produced during July, 1996 was 3,000

The stock of finished goods was 200 and 400 units on 1.7.1996 respectively. The total cost of units on hand on

1.7.1996 was I 2,800 . All these had been sold during the month
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Answer 1

Answer:

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