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6. The following information has been obtained from the cost records of modern Works Itd., for three months ending 31st March, 2022 during which
6. The following information has been obtained from the cost records of modern Works Itd., for three months ending 31st March, 2022 during which 100 units are produced and all the units are sold @Rs. 3,000 per unit. Particulars Amount Stock of raw materials (1-1-2021) Stock of raw materials (31-3-2022) Materials Purchased 18000 21000 162000 Carriage paid on Purchase 3000 Depreciation on Plant 6000 Repairs to plant 2000 Factory rent, taxes and insurance 7000 Indirect materials 11000 Indirect labor 9000 Direct labor 28000 Depreciation on Furniture 3000 Printing and stationery 1500 Office salaries and allowances 14500 Warehouse rent 2400 Advertising 2000 Salesmen's salary and commission 2600 Prepare a Cost Sheet showing the following information: a) Prime Cost b) Works Cost c) Cost of Production d) Cost of Sales e) Total Cost f) Profit (10Marks)
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