The following extracts of costing information relate to product Z for the year ending 31.3.2013.
Purchase of Raw Materials
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
Work in Progress on 1.4.2012
Work in Progress on 31.3.2013
Office on Cost
Sales (Finished Product)
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.