Hernando had fallen prey to greed of his crew Explain
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sets and the following details are furnished in respects of its factoryoperations for the year ended 31st December 2007. Raw Material Purchases Opening Stock Closing Stock Direct Labor Manufacturing Expenses Office & Administration Expenses Rs. 40,000/- 8,000/- 6,000/- 28,000/- 8,500/- 5,300/- Work in Progress; Materials Labor Manufacturing Expenses Opening 1,000/- 1,200/- 600/- Closing 1,500/- 1.400/- 700/- 2,800/- 3,600/- During the year 600 sets are produced. Prepare a statement of Cost of Production.
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