Particulars Amount Amount Rs. RS. Opening Stock of Raw Materials 40,350 Add : Purchases 2.50,000 Add : Carriage inward 2.000 Add : Freight 5,000 2.97.350 Less : Materials destroyed by fire 5.000 2.92,350 Less : Closing Stock of Raw Materials 35,000 RAW MATERIALS CONSUMED 2.57.350 Wages 2,00.000 PRIME COST 4.57.350 Factory Overhead Consumable Stores 10,000 Wages of Storekeeper 7.000 Depreciation of Plant & Machinery 10,000 Repairs & Renewals 5,010 Power 10,500 42,510 4,99.860 Add : Opening work-in-progress 15,000 5.14,860 Less : Closing Work-in-Progress 14.500 WORKS COST 5.00.360 Office & Administrative Overhead Office Manager's Salary 10,000 Salary to Office Staff 20,500 Printing & Stationery 10,000 Light for Office Building 2,000 Legal Charges 2,000 44.500 COST OF PRODUCTION 5,44,860 Add : Opening Finished Stock 35.590 5,80,450 Less : Closing Finished Stock 40,030 COST OF GOODS SOLD 5,40.420