The following data are extracted from Pavan Kishore for the year 1991:

Managing director’s remuneration is allocated as follows: Rs 4,000 to the factory, Rs 2,000 to the office and Rs 6,000 to the selling departments.
From the aforementioned information, calculate

(a) prime cost,

(b) works cost,

(c) cost of production

(d) cost of sales and

(e) net profit.

Transcribed Image Text:

Opening stock of raw materials Closing stock of raw materials Purchase of raw materials Rs 25,000 40,000 85,000