Following balances are extracted from the Books of Mr. Green Storage cost Opening raw material stock 20,000 Closing raw material stock 30,000 Selling expenses Carriage in 2,000 Abnormal loss of material Non-refundable tax Trade discount Direct labor Purchases of raw material 3,000 1,000 200,000 300,000 Admin overheads Insurance in transit Factory overheads 4,000 1,000 6,000 10,000 5,000 100,000 Units opening finished goods (1000 units @Rs. 40 Per Unit) Closing finished goods inventory (1200 units) = Units sold during the year 15,000 Required: 1) Cost of material used as per IAS-2 2) Calculate cost of goods manufactured & Sold 3) Unit cost of finished goods inventory 4) Cost of closing inventories