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2. Prepare a cost sheet to show the total cost of production and cost per unit of goods manufactured by a company for the month
2. Prepare a cost sheet to show the total cost of production and cost per unit of goods manufactured by a company for the month of July 1994. Also find out the cost of sales. Rs. Rs. Stock of raw-materials 1-7-2004 3.000 Factory rent and rates 3.000 Raw-materials purchased 28,000 Office rent 500 Stock of raw-materials 31-7-2004 4,500 General expenses 400 Manufacturing wages 7.000 Discount on sales 300 Depreciation on plant 1.500 Advertisement expenses to be charged fully 600 Loss on sale of a part of plant 300 Income-tax paid 2,000 The number of units produced during July 2004 was 3,000. The stock of finished goods was 200 and 400 units on 1-7-2004 and 31-7-2004 respectively. The total cost of units on hand on 1-7-2004 was Rs. 2,800. All these had been sold during the month
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