Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assignment 2 To be done in handwritten format and uploaded as a single PDF file. Last Date: 25th Dec. 2021 Q1. Prepare a cost sheet
Assignment 2 To be done in handwritten format and uploaded as a single PDF file. Last Date: 25th Dec. 2021 Q1. Prepare a cost sheet to show the total cost and cost per unit of goods manufactured by M/s. Abram Enterprises for the month of January 2015. Particulars Amount (Rs.) Stock of raw material (1.1.15) 4,000 Stock of raw material (31.1.15) 5,500 Raw material purchased 29,000 Manufacturing wages 8,000 Depreciation on plant 1,500 Factory rent and rates 4,000 Office rent 1,000 General expenses 1,200 Sales discount 1,000 Advertising expenses 5,000 The number of units produced during the month was 4,000. The stock of finished goods was 300 and 400 units on 1.1.15 and 31.1.15 respectively. The total cost of units in hand on 1.1.15 was Rs. 3,900. All these had been sold during the month. The value of closing stock of finished goods can be calculated on the basis of per unit cost of production
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started