The following figures for the month of April, 2012 were extracted from the records of a factory: Opening stock of finished goods (5,000 units) Rs. 45,000 Purchase of raw materials Rs. 2,57,100 Direct wages Rs. 1,05,000 Factory overhead 100% of direct wages Administration overhead Re. 1 per unit 10% of sales Selling and distribution overhead ? Closing stock of finished goods (10,000 units) Rs. 6,60,000 Sales (45,000 units) Prepare a cost sheet for the month of April, 2012, assuming that sales are made on the basis of 'first-in- first-out principle.
The following figures for the month of April, 2012 were extracted from the records of a factory: Opening stock of finished goods (5,000 units) Rs. 45,000 Purchase of raw materials Rs. 2,57,100 Direct wages Rs. 1,05,000 Factory overhead 100% of direct wages Administration overhead Re. 1 per unit 10% of sales Selling and distribution overhead ? Closing stock of finished goods (10,000 units) Rs. 6,60,000 Sales (45,000 units) Prepare a cost sheet for the month of April, 2012, assuming that sales are made on the basis of 'first-in- first-out principle.
Chapter1: Financial Statements And Business Decisions
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The following figures for the month of April, 2012 were extracted from the records of a factory :
Opening stock of finished goods (5,000 units)
Rs. 45,000
Purchase of raw materials
Rs. 2,57,100
Direct wages
Rs. 1,05,000
Factory overhead
100% of direct wages
Administration overhead
Re. 1
per
unit
10% of sales
Selling and distribution overhead
Closing stock of finished goods (10,000 units)
Rs. 6,60,000
Sales (45,000 units)
Prepare a cost sheet for the month of April, 2012, assuming that sales are made on the basis of 'first-in-
first-out principle.
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