Job Order Costing (5% Grade)

The following information has been taken from the job order cost system, used by SALEEM CORPORATION:

Job No.

Balance March 1

Production Cost in March

15

Rs. 150,000

---

16

170,000

---

17

50,000

Rs. 130,000

18

70,000

150,000

19

----

240,000

20

----

150,000

21

----

90,000

During March Job No. 17, 18 & 19 were completed, and job No. 15, 16 and 17 were sold on account at 40% above cost.

REQUIRED:

i) Cost of finished goods inventory beginning

ii) Cost of goods in process inventory beginning

iii) Cost of finished goods inventory ending

iv) Cost of goods in process inventory ending

v) Cost of goods manufactured

vi) Cost of Goods sold

vii) Sales