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: Haier group of companies submitted following information on June 30, 2019. Accounts Rs. Sales 1,000,000 Purchases 193,000 Direct Labor 105,000 Purchase return and allowance

: Haier group of companies submitted following information on June 30, 2019.

Accounts Rs.

Sales 1,000,000

Purchases 193,000

Direct Labor 105,000

Purchase return and allowance 3,500

Work-in process, Jul 01, 2018 30,000

Work-in process, Jun 30, 2019 32,000

Sale Return (9,000)

Applied MOH 110,000

Depreciation (70% factory, 15% admin, 15% Marketing) 60,000

Raw material inventory, Jul 1, 2018 90,000

Raw material inventory, Jun 30, 2019 88,000

Salaries expense (20% factory, 10% admin, 25% Marketing) 40,000

Promotion expense 4,000

Sales discount and allowance 10,000

Indirect material cost 26,000

Indirect labor 39,000

Finished goods inventory, Jul 1, 2018 70,000

Finished goods inventory, Jun 30, 2019 60,000

Purchase return and Allowance 5,000

Required:

Cost of goods sold statement.

income statement

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