March, 2021: 1 Raw Material Work-in-progress The Institute of Chartered Accountants of India ermissions 10.114 FINANCIAL MANAGEMENT Finished goods Receivables Payables Annual purchases of raw material (all credit) Balance as at 31st March, 2021 (in lakh) Annual cost of production Annual cost of goods sold Annual operating cost Annual sales (all credit) You may take one year as equal to 365 days. I A 70 135 71 400 450 525 325 585 voot 65 51 BESTH Balance as at 31st March, 2020 (in lakh) 60 112 68 45 35