. Mr. A furnishes the following data relating to the manufacture of a standard product during the month if January 2016: 07 Raw Material Purchased Opening Stock of Raw Material Closing Stock of Raw Material Direct Labour Cost Machine Hours Worked Machine Hour Rate Carriage Inwards Rs 15000 Rs 4000 Rs 5000 Rs 9000 900 hours Rss Rs 1000 http://www.gujaratstudy.com http://www.gujaratstudy.com Administrative Overheads 20% on work cost Selling Overheads 50 P. per unit sold Unit Produced 17100 Opening Stock of Finished Products 2000 units @ Rs 1.50 per unit Unit sold 16000 units Selling Price per unit Rs 4 You are required to prepare: 1) Cost Sheet 2) A statement showing profit for the period