Question

The X limited submits the following information on 31st March 2011:
Sales for the year
Rs. 2,75.000
Imentories at the beginning:
Finished goods
Rs. 7.000
Work in progress
Rs. 4000
Purchase of materials
Rs. 1.10,000
Materials inventory:
at the beginning of the year
Rs. 3.000
at the end of the year
Rs. 4,000
Direct labour
Rs.65.000
Factory overheads was 60% of the direct Labour cost
Imentories at the end of the year:
Work in progress
Rs. 6000
Finished goods
Rs. 8000
Other expenses for the year:
Selling expenses 10% of the sales
Administrative expenses 5% of the sales
You are required to prepare the cost sheet for X limited.​

Answer 1

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