Coping With Cost Accounting Kilode Ltd. Schedule of Costs e Goods Manufactured and profit and Loss Account Year Cost of Raw Materials Consumed Direct Labour S 44,400 29.000 74,000 88.800 Prime Cost Manufacturing Overhead Total Manufacturing Cost Add: Work-In-Progress at beginning Less Work-In-Progress at the end Cost of Goods Manufactured 162.800 35.000 198.000 100 168,000 N 30 Sales Opening Stock of Finished Goods Add: Cost of Goods Manufactured Lex Cloning Stock (Balancing Figure) Cost of Goods Sold Gross Profit Sold Les Other Expenses Administrative Expenses Selling Expenses Net Profit 17.000 168.000 185.000 20.000 16 135 N 60,000 45. IOS Key Terms For Review Administrative Overhead Conversion Costs Direct Labour Direct Material Manufacturing Company Manufacturing Cost Mancing Chamad Mechandising Company Production Costa Practice Problems (1) When is depreciation productos periodo (2) The following balance wewed by ended 31 December 2003