From the following data, Prepare Cost of Good Sold Statement Material consumed = Rs. 150,000 [ 20 % Indirect] Labour incurred = 200,000 [ 75 % Direct ] Rent = 35,000 [ 20 % Office ] Fuel & Power = 45,000 [ 100% Factory ] Utilities Expense = 10,000 [ 35 % Factory ] Supervisor Salaries = 30,000 [ 60 % Factory ] Depreciation = 45,000 [ 10 % Furniture, 15% Office Building, 25% Factory Building & Remaining for Factory Machines] Inventories               Opening                         Closing Raw material       Rs. 45,000                           80% of Opening W-I-Process              75% of Closing             80,000 Finished Goods        90,000                           20% of Cost of Goods                                                                                       Manufactured

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Subject: Cost Management & Accounting

QUESTION – 5
From the following data, Prepare Cost of Good Sold Statement
Material consumed = Rs. 150,000 [ 20 % Indirect]
Labour incurred = 200,000 [ 75 % Direct ]
Rent = 35,000 [ 20 % Office ]
Fuel & Power = 45,000 [ 100% Factory ]
Utilities Expense = 10,000 [ 35 % Factory ]
Supervisor Salaries = 30,000 [ 60 % Factory ]
Depreciation = 45,000
[ 10 % Furniture, 15% Office Building, 25% Factory Building & Remaining for Factory Machines]
Inventories               Opening                         Closing
Raw material       Rs. 45,000                           80% of Opening
W-I-Process              75% of Closing             80,000
Finished Goods        90,000                           20% of Cost of Goods                                                                                       Manufactured

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