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Answer:
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Step-by-step explanation:
LUSTRATION 19
The following information has been obtained from Samarth Company Ltd., Surat for
arter ending 31-3-2009.
Rs.
Stock of raw materials on 1-1-2009
1,00,000
Stock of raw materials on 31-3-2009
74,000
Purchases of raw material
6,00,000
Travelling Expenses
5,000
Carriage Inward
10,000
Carrige Outward
15,000
Depreciation on plant
18,000
Factory rent
12,000
Office rent
10,000
Bad debt
7,000
Productive Wages
20,000
Travellers Salaries and Commission
4,000
Expenses regarding purchases of material
4,000
Gas, Fuel and Water
8,000
Manager's Salaries
9,000
(He devotes 2/3 of his time to factory)
Sales
10,48,000
Prepar a cost sheet showing:
Cost of material consumed
(ii) Prime cost
Works cost
(iv) Cost of production
(v) Total cost
(vi) Profit