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cost sheet question 3. The following figures are extracted from the trial balance of Gogether on September 30, 2015. Rs. Particulars Opening Inventories : Finished
cost sheet question
3. The following figures are extracted from the trial balance of Gogether on September 30, 2015. Rs. Particulars Opening Inventories : Finished Stock Raw Materials Work In Progress Office Appliances Plant and Machinery Building Sales Sales Returns Materials Purchased Freight incurred on raw materials Purchase Returns Direct Labour Indirect Labour Factory Supervision Repairs and Upkeep factory Heat, Light and Power Rates and taxes Miscellaneous Factory Expenses Sales Commission 80,000 1,40,000 2,00,000 17,400 4,60,500 2,00,000 7,68,000 14,000 3,20,000 16,000 4,800 1,60,000 18,000 10,000 14,000 65,000 6,300 18,700 33,600 33,600 11,000 22,500 18,000 8,600 2,000 Sales Commission Sales Travelling Sales Promotion Distribution Dept - Salaries and Expenses Office Salaries and Expenses Interest on Borrowed Funds Closing Inventories : Finished Goods Raw Materials Work in Progress Accrued Expenses : Direct Labour Indirect Labour Interest on Borrowed Funds Other Information : 1,15,000 1,80,000 1,92,000 8,000 1,200 2,000 a) Depreciation to be provided on : Office appliance @ 5%, Plant @ 10% and Building @ b) Distribution of the following : Depreciation on building and Heat, light and Power to be distributed to factory, office and selling & distribution in the ratio of 8:1:1. c) Rates and taxes 2/3 to factory and 1/3 to office. Prepare a detailed Cost sheet and find the final profitStep by Step Solution
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