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Prepare a cost sheet from the following Particulars ( Self Practice ) Particular Amount ( OMR ) Raw material opening 10,000 WIP opening 24,000 Raw

Prepare a cost sheet from the following Particulars( Self Practice)

Particular

Amount (OMR )

Raw material opening

10,000

WIP opening

24,000

Raw material closing

5,000

WIP closing

16,000

Indirect labor engaged in production

23,000

Salary to managing director

20,000

Raw material purchased

60,000

Salary to factory foremen

2,000

Rent, insurance of office building

8,000

Salary of accountant

6,000

Wages paid to factory workers on piece rate basis

42,000

Electricity charges of the factory

2,300

Electricity charges of the office

5,000

Spares, oil , lubricants used in factory

1,000

Petrol expenses of cars used by office staff

3,500

Diesel expenses to run the machines in factory

7,000

Canteen expenses of office staff

1,600

Depreciation of office computers

1,400

Depreciation of plant and equipment (factory)

2,000

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