The following information was obtained from the cost records of Aditya Chemicals Ltd. for 1998:

No office and administration expenses were incurred during 1988. Prepare a statement of cost for the year ending on 1988 giving the maximum possible information and the detailed break-up of cost.

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Finished goods on 1 January 1998 Raw materials, 1 January 1988 WIP, 1 January 1988 Direct labour Rs 50,000 10,000 14,000 1,60,000 Purchase of raw materials 98,000 Indirect labour 40,000 Heat, light and power 20,000 Factory insurance and taxes 5,000 Repairs to plant 3,000 Factory supplies 5,000 Depreciation-factory building 6,000 Depreciation-plant 10,000 Other information made available is Factory cost of goods produced in 1988 2,80,000 Raw materials consumed in 1988 95,000 Cost of goods sold in 1988 1,60,000