The following extract of costing information relates to a commodity A for the half year ending 31:12.2020 PARTICULARS Purchase of raw. materials Works Ovetheads Direct Wages Carriage on purchases Stock (1.7.2018) Raw Mäterials Finished Products (1000 Tonnes) Stock (31.12.2018) Raw Materials Work in progress (WIP) 1.7.2018 31.12.2018 Sales of finished products AMOUNT (R$) • 1.20.000 48.000 1.00.000 1,440 20,000 16.000 22.240 4.800 16,000 3.00.000 Selling and distribution overheads are Re.1 per ton sold. 16,000 tonnes of commodity were produced during the period. Prepare a cost sheet.
The following extract of costing information relates to a commodity A for the half year ending 31:12.2020 PARTICULARS Purchase of raw. materials Works Ovetheads Direct Wages Carriage on purchases Stock (1.7.2018) Raw Mäterials Finished Products (1000 Tonnes) Stock (31.12.2018) Raw Materials Work in progress (WIP) 1.7.2018 31.12.2018 Sales of finished products AMOUNT (R$) • 1.20.000 48.000 1.00.000 1,440 20,000 16.000 22.240 4.800 16,000 3.00.000 Selling and distribution overheads are Re.1 per ton sold. 16,000 tonnes of commodity were produced during the period. Prepare a cost sheet.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following extract of costing information relates to a commodity A for the half
year ending 31:12.2020
PARTICULARS
Purchase of raw. materials
Works Ovetheads
Direct Wages
Carriage on purchases
Stock (1.7.2018) Raw Mäterials
Finished Products (1000 Tonnes)
Stock (31.12.2018) Raw Materials
Work in progress (WIP)
1.7.2018
31.12.2018
Sales of finished products
AMOUNT (R$)
• 1.20.000
48.000
1.00.000
1,440
20,000
16.000
22.240
4.800
16,000
3.00.000
Selling and distribution
produced during the period. Prepare a cost sheet.
Transcribed Image Text:)
Practice Questions:
11.) The following extract of costing information relates to a commodity A for the half
year ending 31.12.2020
PARTICULARS
Purchase of raw materials
Works Overheads.
Direct Wages
Carriage on purchases.
Stock (1.7.2018) Raw Materials
Finished Products (1000 Tonnes)
Stock (31.12.2018) Raw Materials
Work in progress (WIP)
1.7.2018
31.12.2018
Sales of finished products
Selling and distribution overheads are Re.1 per ton sold. 16,000 tonnes of commodity were
produced during the period. Prepare a cost sheet.
5700
12.) The following extracts on costing information related to commodity B for the year
ending 31.3.2020
PARTICULARS
Purchase of raw materials
Direct Wages
AMOUNT (Rs)
-1,20,000
. 48,000
1,00,000
1,440
20,000
16,000
22,240
4,800
16,000
3,00,000
AMOUNT(Rs)
48,000
40,000
2
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