$$ From the following information prepare a statement showing$($i$)$ Prime cost $($ii$)$ Works cost $($iii$)$ Cost of Production $($iv$)$ Cost of Sales$($v$)$ Net profit of X Ltd$.$ which produced and sold $1000$ units in June $2019.$SolutionOpening Stock:Rs$.$Raw Materials$24,000$Finished goods$16,000$Closing stock:Raw Materials$20,000$Finished goods$15,000$Purchase of Raw Materials$80,000$Sales$2,00,000$Direct Wages$35,000$Factory Wages$2,000$Carriage Inward$2,000$Carriage Outward$1,000$Factory Expenses$4,000$Office Salaries$15,000$Office Expenses$12,000$Factory Rent & Rates$2,500$Depreciation $-$ Machinery$2,500$Bad Debts$1,500$