Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the answer as soon as possible Old mathjax Webview within 5 minutes or else skip please 30 The following particulars relating to the

I need the answer as soon as possible image text in transcribed

Old mathjax Webview within 5 minutes or else skip please 30 The following particulars relating to the year 2011, have been taken from the books of a chemical works, manufacturing and selling a chemical mixture : Kg. Rs. Kg. Rs. Stock on 1st January, 2011 Salaries: Raw materials 2,000 2,000 Factory 72,220 Finished mixture 500 1,750 Office 37,220 Factory stores 7,250 Selling 41,500 Purchases : Expenses : Raw materials 1,60,000 1,80,000 Direct 18,500 Factory stores 24,250 Office 18,200 Sales : Selling 18,000 Finished mixture 1,53,050 9,18,000 Stock on 31st December, 2011 : Factory scrap 8,170 Raw materials 1,200 ? Factory wages 1,78,650 Finished mixture 450 ? Power 30,400 Factory stores 5,550 Depreciation of machinery 18,000 The stock of finished mixture at the end of 2011 is to be valued at the factory cost of the mixture for that year. The purchase price of raw materials remained unchanged throughout 2011. Prepare a statement giving the maximum possible information about cost and its break-up for the 2011. year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting An Introduction

Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan

5th Edition

0273733206, 978-0273733201

More Books

Students also viewed these Accounting questions