Prime Tsh (000) 3,000 (c) The following list of costs have been extracted from the records of a manufacturing company for the year ending 31st December, 2020. You are required to prepare a statement of cost showing: (a) Cost of raw materials consumed (b) Prime Cost (c) Factory Cost (d) Cost of production (e) Cost of goods sold (f) Total cost of goods sold and profit on sales [8 marks] Description of Cost Stock of Raw Materials (1-1-2020) Description of Cost Tsh (000) 11 2 Stock of Raw Materials (31-12-2020) Experiment expenses Aime 400 2,400 12 Wastage of materials 50 3 Purchases of Raw materials 14,000 13 5 Stock of work-in-progress (1-1-2020) Factory overhead 6 7 Carriage inward 9 Other direct expenses Stock of work-in-progress (31-12-2020) 800 8 Manufacturing wages 1,000 14 Establishment on costs. 15 Selling overhead 500 16 Distribution overhead 4,000 200 10 Indirect wages (d) Wakalinga Co. Ltd must choose between hun b these are 1,000 19 sales 17 Stock of finished goods (1-1-2020) 7.000 2,000 4.000 T 1,000 1.200 18 Stock of finished goods (31-12-2020) 3,000 Selling LT/S 40,000