The information relating to cost department of BETA Corporation is as follows: Inventory Jan 01 Dec 31 Material 34,000 49,000 Work in Process 82,000 42,000 Finished Goods 48,000 ? Finished Goods Inventory 300 units 420 units Sold during the year = 3,380 units at Rs. 220 per unit Rupees Materials purchased 360,000 Conversion cost 214,400 Freight In 8,600 Purchase discount 8,000 Opening material inventory 34,000 Closing material inventory 49,000 Required: Prepare Cost of Goods Sold Statement from the above information
The information relating to cost department of BETA Corporation is as follows:
Inventory Jan 01 Dec 31
Material 34,000 49,000
Work in Process 82,000 42,000
Finished Goods 48,000 ?
Finished Goods Inventory 300 units 420 units
Sold during the year = 3,380 units at Rs. 220 per unit
Rupees
Materials purchased 360,000
Conversion cost 214,400
Freight In 8,600
Purchase discount 8,000
Opening material inventory 34,000
Closing material inventory 49,000
Required: Prepare Cost of Goods Sold Statement from the above information
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