1. 
   

Calculate the Prime Cost, Works Cost, Cost of production, total Cost and profit from the following:- Direct Materials BHD30,000; Direct Labour BHD15,000; Factory Expenses BHD10,500; Administration Expenses BHD7,500; Selling Expenses BHD10,500 and Sales BHD90,000.

2.

Question - for Job Costing, Cost Accounting Records The following data are related to ABC Manufacturing Company: January 1st: The beginning inventory of ABC is 5000 units at price $1 per unit. February 5th: The company purchased 6000units at price $1.20 per unit. April 10th: The company sold 5500 units at price $1.10 per unit. Required: Using the three methods FIFO, LIFO, and Weighted Average Cost calculate cost of sales and closing inventory cost as well as the total cost for each method.