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Instant answer within 5 minutes please don't waste my turn Illustration 7. From the following particulars prepare : (a) A Statement of Cost of Manufacture
Instant answer within 5 minutes please don't waste my turn Illustration 7. From the following particulars prepare : (a) A Statement of Cost of Manufacture for the year ended 2002; (b) A Statement of Profit as per Cost Accounts; (c) Profit and Loss Account in the Financial Books; and (d) Show how you would attribute the difference in the profit as shown by (b) and (c). Opening Stock of Raw Materials 2,88,000 Opening Stock of Finished Articles 5,76,000 Purchases of Raw Materials 17,28,000 Stock of Raw Materials at the end 4,32,000 Stock of Finished Articles at the end 1,44,000 7,20,000 Calculate factory on cost at 20% on prime cost, and office on cost at 80% on factory on cost. Actual works expenses amounted to 4,54,300 and office expenses amounted to 3,71,900. The selling price was fixed at a profit of 20% on cost. Wages
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