8. The modern manufacturing company submits the following information on 31" March 2014. Prepare a statement of cost and profit. Particulars Sales for the year 2,75,000 Inventories at the beginning of the year Finished goods 7,000 Work in progress 4,000 Purchases of materials for the year 1.10.000 Materials inventory: At the beginning of the year 3,000 At the end of the year 4,000 Direct labour 65,000 Factory overhead 60% of the direct labour cost Inventories at the end of the year Work in progress 6,000 Furnished goods 8,000 Other expenses for the year. Selling expenses 10% fel Administrative expenses 5% of sales Redmi
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. The modern manufacturing company submits the following information on 31" March 2014. Prepare a statement of cost and profit. Particulars Sales for the year 2,75,000 Inventories at the beginning of the year Finished goods 7,000 Work in progress 4,000 Purchases of materials for the year 1.10.000 Materials inventory: At the beginning of the year 3,000 At the end of the year 4,000 Direct labour 65,000 Factory overhead 60% of the direct labour cost Inventories at the end of the year Work in progress 6,000 Furnished goods 8,000 Other expenses for the year. Selling expenses 10% fel Administrative expenses 5% of sales Redmi
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