1. Prepare cost sheet from the following particular in the book of M/s Konika LLC

Raw material purchased = OMR 1, 20,000

Paid freight charges = OMR 10,000

Wages paid to labor = OMR 35,000

Directly chargeable expenses = OMR 25,000

Factory on cost = 20% of prime cost

General and administrative expenses = 4% of factory cost

Selling and distribution expenses = 5% of production cost

Profit 20% on Cost of sales

Opening stock Closing stock

Raw material 15,000 20,000

Work in progress 17,500 24,000

Finished goods 20,000 27,500