Raw material XXXXXXXXXXRs. 12,500 Work-in-Process XXXXXXXXXX,300 Finished Goods XXXXXXXXXX,500 Sales 678,600 Sales return 15,000 Purchases of raw material 245,000 Administrative expense 70,000...












Raw material (1-1-03) Rs. 12,500


Work-in-Process(1-1-03) 6,300


Finished Goods (1-1-03) 12,500


Sales 678,600


Sales return 15,000


Purchases of raw material 245,000


Administrative expense 70,000


Marketing expense 55,000


Indirect material 8,000


Indirect labor 4,500






Raw material (31-12-03) Rs. 32,000


Work-in-Process(31-12-03) 16,500


Finished Goods(31-12-03) 25,000


Direct labor 125,000


Other factory overhead 17,600


Repair and maintenance 10,000


Insurance-factory 12,000


Depreciation-factory 22,000





Required:


Statement of cost of goods manufactured


Statement of cost of goods sold


Income Statement



Jun 09, 2022
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