Question

Following extract of costing information relates to a commodity for the year ended
31-12-84:
Rs.
Stock on 1-4-83:
Raw materials
Finished goods (1,000 tons)
5,000
4,000
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Stock on 31-3-84:
Raw materials
5,560
Finished goods (2,000 tons)
8,000
Raw materials purchased
30,000
Direct wages
25,000
Rent, rates and taxes of works
10,000
Carriage inwards
360
Work-in-progress on 1-4-83
1,200
Work-in-progress on 31-3-84
4,000
Sales of finished goods
75,000
Cost of factory supervision
2,000
Advertisement and selling expenses amount to Re.0.25 per lon sold. 16,000 tonnes
were produced during the year.
Prepare statement showing (2) the value of raw materials used; (b) the cost
of the output for the year; (c) the cost of the turnover for the year, (d) the net
profit for the year and (c) the net profit per ton of the commodity.
ICU., B.Com. (Hons), 1984)​

Answer 1

Answer:

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Answer 2

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