The Iron and Steel Company Ltd provides you the following information and requests you to prepare:

(a) Statement showing material consumed

(b) Pig iron production account.

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Pig iron produced during the year: Works expenses for the year: Wages for the year: Scrap realized from iron one bits: Details of materials for the year: 2,000 tonnes Rs. 10,000 Rs. 4,80,000 Rs. 20,000 Coal Coke Lime Iron Ore Rs. Rs. Rs. Rs. Opening 10,000 16,000 4,000 80,000 stock Purchases 30,000 64,000 6,000 5,20,000 Closing stock 8,000 10,000 2,000 1,20,000