Add: Selling Expenses 916 Cost of Sales Profit Sales 3.400 59.400 15,600 75,000 Illustration 7: The following figures are extraded from the trial balance of Gogether on 30th September, 2010. . Inventories Finished Stock 80,000 Raw Materials 1.40.000 Work-in-Process 2,00,000 Office Appliances 17.400 Plant and Machinery 4.60,500 Building 2,00,000 Sales 7.68,000 Sales Returns and rebates 14,000 Materials Purchased 3,20,000 Frieght incurred on materials 16,000 Purchase Returns 4.800 Direct Labour 1,60,000 Indirect Labour 18,000 Factory Supervision 10,000 Repairs and Upkeep-factory 14,000 Heat, Light and Power 65,000 Rates and Taxes 6,300 Miscellaneous Factory Expenses 18,700 Sales Commission 33,600 Sales Travelling 11,000 Sales Promotion Distribution Deptt. Salaries and Expenses 18,000 Office Salaries and Expenses 8.600 Interest on Borrowed Funds 2,000 Further details are available as follows (1) Closing inventories Finished Goods 1.15,000 Raw Materials 1.80,000 Work-in-Process 1,92,000 (ii) Accrued Expenses on Direct Labour 8000 Indirect Labour 1.200 Interest on Borrowed Funds 2,000 (iil) Depreciation to be provided on: Office appliance 5%: Plant 10%: Building 4%. (iv) Distribution of the following: Depreciation on Building, Heat, Light and Power to factory, office and distribution in the ratio of 8:1:1. (V) Rates and taxes 2/3 to factory and 1/3 to office. With the help of above information, you are required to prepare a condensed Profit & Loss Statement of Gogether Co. for the year ending 30th September, 2004 along with supporting schedules of (1) Cost of Sales, (ii) Selling & Distribution Expenses, and (iii) Administration Expenses. (CA Inter) 22,500