(b) From the following narticulare nraman. . ie cost of goods sold, total 25

Iscuss une elements or costs. (b) From the following particulars, prepare a Statement showing the cost of goods sold, total 10 25 costs and sales. Inventory (opening): Raw materials Work in process Finished goods Direct wages Raw material purchased Factory overhead (2/3 of direct wages) Administrative expenses (20% of work cost) Selling expenses (5% of sales) Profit 20% of sales Anventory (closing) Raw materials Work-in-process Finished goods Taka 70,500 51,000 55,000 96,000 55,000 38,000 65,000