Illustration 3: the following particulars relate to a company for a period of Three months: Raw materials (1-1-2012) 55,000 Raw materials (31-3-2012) 35,000 Factory wages 80,000 Materials purchased 60,000 Sales 1,54,000 Indirect expenses 10,000 Stock of finished goods (1-1-2012) NIL Stock of finished goods (31-3-2012) 30,000 No. Of units produced during the period was 2,000. Prepare a statement of cost for the period and compute the price to be quoted for 500 units in order to realise the same profit as for the period under review, assuming no alternation in wages and cost of materials