The following information is obtained from the records of a factory for the period from 1 June to 30 June:

Prepare statement on cost of production of goods manufactured, statement of cost of production of goods sold and statement of profit on sales.

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Rs Opening balance of raw materials on 1 June 15,000 Purchases of raw materials during the month 2,25,000 Wages paid 1,15,000 Factory overheads 46,000 Opening balance of WIP on 1 June 6,000 Opening balance of WIP on 30 June 7,500 Closing balance of raw materials on 30 June 12,500 Opening balance of finished goods manufactured on 1 June 30,000 Closing balance of finished goods manufactured on 30 June Selling and distribution overheads 27,500 10,000 Administration overheads 15,000 Sales 4,50,000