Question

The following details are available from a company's books :
Stock of Raw Materials on 1/1/2020 - Rs.12,800
Stock of Finished Goods on 1/1/2020 - Rs.28,000
Purchases during the year - Rs.2,92,000
Productive wages - Rs.1,98,800
Sale of finished goods - Rs.5,92,000
Stock of Finished goods on 31/12/2020 - Rs.30,000 Stock of Raw Materials on 31/12/2020 - Rs.13,600
Works overhead - Rs.43,736
Office and General Expenses - Rs.35,524
The company is about to send a tender for large plant. The costing department estimates that the material required would cost Rs.20,000 and wages for making the plant would cost Rs.12,000. Tender is to be made keeping a profit of 20% on the selling price.

Answer 1

Answer:

the total amount is 3,067,660