Question

Draw a statement of cost from the following
Opening stock
Manufacturing 1,00000
Material
2.00.000 Expenses
Work-in-progress
60.000
Finished goods
5.000
Closing stock
sales
8,00,000
Material
1.8.0000
Work-in-progress 50,000
Finished goods
15,000
20,000
Material purchased 5,00,000 Selling and
Distribution
expenses
Direct wages
1.50,000
​

Answer 1

Answer:

Opening Stock of Raw-Materials Rs. 1,00,000. Closing stock of Materials Rs. 2,00,000, PurchasesRs. 3,00,000, Carriage Inward Rs.10,000, Freight outward Rs. 5,000. Purchase Return Rs. 20,000, Opening work-in progress Rs. 25,000, Closing Work-in-progress Rs. 10,000. Manufacturing overheads Rs. 6,000, Selling overheads Rs. 10,000, Sale of By-products Rs.1,000, Royalty based on production Rs. 5,000. Opening stock of finished Goods Rs. 1,00,000, Closing Stock of Finished Goods Rs. 2,00,000. The manufacturing cost of finished goods sold.