The following extracts of costing information relate to product Z for the year ending 31.3.2013

$6.00

Description

The following extracts of costing information relate to product Z for the year ending 31.3.2013.

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.

Reviews

There are no reviews yet.

Be the first to review “The following extracts of costing information relate to product Z for the year ending 31.3.2013”

Your email address will not be published. Required fields are marked *