Description
The following extracts of costing information relate to product Z for the year ending 31.3.2013.
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Purchase of Raw Materials Direct Wages Stock of Raw Materials on 1.4.2012 Stock of Finished Goods on 1.4.2012 (1,600 units) Stock of Raw Material on 31.3.2013 Stock of Finished Goods [3200 units] at Current Cost of Production Works Overheads Work in Progress on 1.4.2012 Work in Progress on 31.3.2013 Office on Cost Sales (Finished Product) |
$48,000 40,000 8,000 6,400 8,800 12,840 16,800 1,920 6,400 3,200 1,20,000 |
Selling and Distribution Cost is 40 paise per unit. During the year 25,600 units were produced. Calculate the cost of production and extend the cost sheet to show the profit also.
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