16 Illastration 55 A B C Ltd., is manufacturing refrigerators and following details are furnished in respect of its factory operations for the year ended 31st Dec., 1978:- Rs. Work-in-progress, 1 January, 1978 At Prime Cost 51,000 Manufacturing Expenses 15,00n 66,000 Work-in-progress, 31st December, 1978 At Prime Cost 45,000 Manufacturing Expenses 9,000 34.000 Stock of Raw Materials, 1st January, 1978 2,25,000 Purchase of Raw materials 4,77,000 Direct Labour 1,71,000 Manufacturing Expenses 84,000 Stock of Raw Materials on 31st December, 1978 2,04,000 On the basis of the above data, prepare a statement showing the cost of production. Also indicate separately the amount of manufacturing expenses which enter into the cost of production. 16 Illastration 55 A B C Ltd., is manufacturing refrigerators and following details are furnished in respect of its factory operations for the year ended 31st Dec., 1978:- Rs. Work-in-progress, 1 January, 1978 At Prime Cost 51,000 Manufacturing Expenses 15,00n 66,000 Work-in-progress, 31st December, 1978 At Prime Cost 45,000 Manufacturing Expenses 9,000 34.000 Stock of Raw Materials, 1st January, 1978 2,25,000 Purchase of Raw materials 4,77,000 Direct Labour 1,71,000 Manufacturing Expenses 84,000 Stock of Raw Materials on 31st December, 1978 2,04,000 On the basis of the above data, prepare a statement showing the cost of production. Also indicate separately the amount of manufacturing expenses which enter into the cost of production