Question

20 The following information has been obtained from the records of a manufacturing company for the
period ending 30th June, 2008.
Rs.
Cost of raw materials in stock in June, 2008
60.000
Raw materials purchased on June, 2008
9,00,000
Wages (productive)
4,60,000
Factory overheads
1,84,000
Work-in-progress on 1st June, 2008
24,000
Raw materials in stock on June 30, 2008
50,000
Work-in-progress on 30th June, 2008
30.000
Stock of finished goods on June 1, 2008
1.20.000
Selling and distribution overheads
50.000
Sales
18.00.000
Administration overheads
60,000
You are required to prepare a statement showing the cost of goods produced and cost of goods sold.
[Ans. Cost of goods produced Rs. 16,08,000 ; Cost of goods sold Rs. 17,28,000 ; Profit Rs. 22.000]

Answer 1

Answer:

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