25 Q. No.1 The cost department of Lever Brothers prepared the following data and costs for the year 1995. Inventories: January 01 December 31 Rs. Rs. Finished goods (3200 units) 550,000 (3500 units) ? Work in process 801,000 602,000 Materials 604,000 500,000 Depreciation - Factory Equipment 310,000 Sold during 1995. 40,000 units at 300 per unit Material purchased 3060,000 Direct Labor 1600,000 Indirect Labor 800,000 Freight In 80,600 Miscellaneous FOH 407,000 Purchases Discount 50,000 Interest Earned 47,000 Marketing Expenses 440,000 Administrative Expenses 220,000 Other expenses 80,000 Required for the Year 1995. 1) Total cost of Finished goods Inventory,Dec31 2) Cost of goods Sold. 3) Income statement 4) Gross profit per unit and Net profit per unit 5) Over/under applied FOH if the FOH is applied at 100% of Direct Labor