Prepare a production account for March 2010 from the following particulars showing the fi nal cost per
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Prepare a production account for March 2010 from the following particulars showing the fi nal cost per unit produced.
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Rs. Materials purchased 2,00,000 Wages 1,50,000 Manufacturing expenses 25,000 Sale of materials (not suitable) 5,000 Inventories: Materials: Opening 15,000 Closing 10,000 Work-in-progress: Opening 20,000 Closing 10,000 Finished goods: Opening: 1000 units at Rs. 60 each Closing: 2000 units at current cost Administration expenses Selling overheads 50,000 30,000 Output during the month was 6,000 units Sales for the month 5,000 units at Rs. 100 each.
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