The particulars obtained from the records of M/s Jain Industries for the year 2007 are given below, from which you are required to prepare a cost sheet and a statement showing estimated cost of 1000 units in future:

At the end of the year, the number of units produced including the closing stock and the number of units sold was 4,000.

On the basis of the above the industry wanted to supply 1000 units in future. It is estimated that the prices of raw materials and labour may rise by 15% and 10% respectively. Assume that the same percentage of profit on sales will be made.

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Opening Stock: Raw materials Finished products Purchases Factory wages Factory overheads Office overheads Closing Stock: Raw materials Finished goods Sales Rs. 1,40,000 20,000 2,10,000 3,80,000 70,000 40,000 19,600 1,60,000 7,56,000