Question

Statement of Cost Excluding Financial Items
Illustration 4.
From the following particulars you are required to prepare a statement showing cost of sales and
the profit:
₹
Stock 01.04.2018:
Raw materials
50,000
Work-in-progress
52,000
Finished goods
32,000
Stock 31.03.2019:
Raw materials
26,000
Work-in-progress
60,100
Finished goods
25,600
Purchases of raw materials
2,10,000
Direct wages
1,66,000
Works expenses
81,200
Selling and distribution expenses
8,600
Transfer to sinking fund for replacement of machinery sy
11,000
Dividend paid
18,000
25,000
Payment of income tax
Goodwill written-off
12.000
Sales of finished goods
Scrap sold
Solution.
Office expenses
15,000
5,80,000
4,100​

Answer 1

Answer:

do you itself

Explanation:

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