1,500.00 3,000.00 914 1.50 Factory overheads Depreciation Factory Rent Factory Cost Office and Administration overheads Office Rent General Expenses Cost of Production 4,500.00 38,000.00 12.66 500.00 400.00 900.00 38,900.00 0.30 12.96 Statement of Cost of Sales Cost of production 38,900.00 Add: Opening stock of finished goods 2.800.00 Cost of Goods Available for Sales 41.700.00 Less: Closing stock of finished goods (400 x 12.96) 5.184.00 Cost of Goods Sold 36,516,00 Add: Selling and Distribution overheads Discount on Sales 300.00 Advertisement Exps. 600.00 900,00 Cost of Sales 37416.00 Illustration 3: The following extract of costing information relates to commodity 'A' for the half year ending 31st December, 2008. . Purchases of Raw Materials 1.20.000 Rent. Rates, Insurance and Works on Cost 40.000 Direct Wages 1,00,000 Carriage Inward 1,440 Stock Ist July 2008 Raw Materials 20,000 Finished Products-1.000 tons 16,000 Stock 31st December, 2008 Raw Materials 22.240 Finished Products-2,000 tons 32,000 Works-in-Progress: 1st July, 2008 4.800 31st Dec., 2008 16,000 Sales of Finished Products 3,00,000 Cost of Factory Supervision 8,000 Advertising, discount allowed and selling exps.cost?. 1 per ton sold. 16,000 tons of commodity were produced during the period. You are to ascertain () The net profit for the period, () The net profit per ton of the commodity, (ii) The cost of output for the period. (iv) The value of raw materials used and (v) The cost of turnover for the period