Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Direct wages Indirect wages Sales The PET Chemicals Co. supplies you the following details from its cost records: $ 75,000 Stock of raw materials on
Direct wages Indirect wages Sales The PET Chemicals Co. supplies you the following details from its cost records: $ 75,000 Stock of raw materials on 1 September 2012 Stock of raw materials on 30 September 2012 91,500 52,500 2,750 2,00,000 Work-in-progress on 1 September 2012 28,000 Work-in-progress on 30 September 2012 35,000 Purchases of raw materials 66,000 Factory rent, rates and power 15,000 Depreciation of plant and machinery 3,500 Expenses on purchases 1,500 Carriage outward 1,000 Advertising 5,000 Office rent and taxes 2,500 Travellers wages and commission 6,500 Stock of finished goods on 1 September 2012 54,000 Stock of finished goods on 30 September 2012 31,000 Prepare a cost sheet giving the maximum possible break-up of cost and profit
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