Illustration 6 From the following particulars prepare cost sheet and also calculate the percentage of profit. Raw material consumed $70,000 Carriage inwards $2,000 Stock of finished goods on 304 September: $3,800 Factory rent $2.400 Bad debts $ 440 Printing and stationary $620 Legal expenses $350 Carriage outwards $1540 Indirect materials $560 Power $4600 Depreciation of furniture 5160 Postage expenses $465 Repairs of plant and machinery S1200 Sales man's expenses $3,400 Advertising $500 Direct wages $85,000 General Manager's salarics 536.000 Factory Manager's Salaries $18,000 Depreciation on plant and machinery S1240 Audit fee $350 Stock of finished goods on 1" September: $5.500 Sales $120.000 Calculate the percentage of profit