Question

Prepare cost sheet for the following :
01-01-2004:
Finished goods 6000
Raw materials 40000
Work in progress 15000

31-12-2004:
Finished goods 15000
Raw materials 50000
Work in progress 10000

Raw materials purchased 475000
Carriage inwards 12500
Wages 175000
Works Managers salary 30000
Factory employee salary 60000
Factory rent & taxes 7250
Power expenses 9500
Other production 43000
General expenses 32500
Sales 860000
Income tax 500
Dividend 1000
Debenture 5000
Transfer to saving fund for replacement machinery 10000
Goodwill 10000
Payment of sales tax 16000
Selling expense 9250

Answer 1

Sory I don't know
I am very very sory I can't help you