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
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here