The following information has been taken from the Ledger of Numan Corporation for the year ended on June 30, 2015.   Stock of material, June 30 2015 Rs. 15,700 Stock of materials, July 1, 2014 12,000 Material purchased during the year 46,250 Carriage outward 1,075 Carriage inward 1,786 Salaries – Factory 1,625 Salaries – Office 3,150 Discount Expenses 725 Bad debts written off 1,628 Repairs of plant, machineries and tools 1,113 Rent and insurance – Factory 2,125 Rent and insurance – Office 500 Sales 115,275 Travelling Expenses 525 Traveler’s salaries and commission 1,925 Productive wages 31,500 Depreciation of machinery and tools 1,625 Depreciation of office furniture 75 Director’s fees 1,500 Gas, and water – Factory 300 Gas and water – Office 100 Manager’s salary (3/4th factory, 1/4th office) 2,500 General Expenses 850   Calculate Factory Cost for the year ended June 30, 2015.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information has been taken from the Ledger of Numan Corporation for the year ended on June 30, 2015.

 

Stock of material, June 30 2015

Rs. 15,700

Stock of materials, July 1, 2014

12,000

Material purchased during the year

46,250

Carriage outward

1,075

Carriage inward

1,786

Salaries – Factory

1,625

Salaries – Office

3,150

Discount Expenses

725

Bad debts written off

1,628

Repairs of plant, machineries and tools

1,113

Rent and insurance – Factory

2,125

Rent and insurance – Office

500

Sales

115,275

Travelling Expenses

525

Traveler’s salaries and commission

1,925

Productive wages

31,500

Depreciation of machinery and tools

1,625

Depreciation of office furniture

75

Director’s fees

1,500

Gas, and water – Factory

300

Gas and water – Office

100

Manager’s salary (3/4th factory, 1/4th office)

2,500

General Expenses

850

 

Calculate Factory Cost for the year ended June 30, 2015.

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