Question

Desai Company provides the following information about its production and sales: Purchase of Raw Materials Tk. 20,00,000 Direct wages Tk. 50,000 Administrative expenses Tk. 50,000 Selling expenses Tk. 60,000 Depreciation of Machinery Tk. 40,000 The company sells its products by adding 25% margin on cost. The opening and closing stock of Raw Materials recorded at Tk. 100,000 and Tk. 200,000 respectively. The opening and closing stock of finished goods were Tk.50,000 and Tk.50,000 respectively.
1. Net raw materials consumed will be
2. Input VAT will be
3. Cost of goods sold will be
4.Selling price will be
5. VAT assuming 15% will be

Answer 1

Answer:

Desai Company provides the following information about its production and sales: Purchase of Raw Materials Tk. 20,00,000 Direct wages Tk. 50,000 Administrative expenses Tk. 50,000 Selling expenses Tk. 60,000 Depreciation of Machinery Tk. 40,000 The company sells its products by adding 25% margin on cost. The opening and closing stock of Raw Materials recorded at Tk. 100,000 and Tk. 200,000 respectively. The opening and closing stock of finished goods were Tk.50,000 and Tk.50,000 respectively.

1. Net raw materials consumed will be

2. Input VAT will be

3. Cost of goods sold will be

4.Selling price will be

5. VAT assuming 15% will be god bless you and your family and friends and partner