Prepare a statement of cost showing:

(a) value of materials consumed (b) total cost of production (c) cost of goods sold and (d) the amount of profit From the following details relating to a toy manufacturing concern:

Opening stock: raw materials 25,000

Finished goods 20,000

Raw materials purchased 2, 50,000

Wages paid to laborers 1, 00,000

Closing stock: raw materials 20,000

Finished goods 25,000

Chargeable expenses 10,000

Rent, rates, and taxes (factory) 25,000

Motive power 10,000

Factory heating and lighting 10,000

Factory insurance 5,000

Experimental expenses 2,500

Waste materials in factory 1,000

Office salaries 20,000

Printing and stationery 1,000

Salesmens salary 10,000

Commission to traveling agents 5,000

Sales 5, 00,000