Problem 1. Tirupati Electronics produces a standard product. The following information is given to you from which you are required to prepare "Cost Sheet" for the period ended on 31st March, 20 X 5 Consumable materials: Rs Opening stock 10,000 Purchases 85,000 Closing stock 4,000 Direct wages 1001 1000 1000, 20,000 Other direct expenses 10,000 Factory overheads 100% of Direct Labour Office overheads polo bolo to namotala id 10% of Works Cost Selling and distribution expenses Rs 2 per unit sold Units of finished product: In hand at the beginning of the period (value Rs 16,000) 1,000 Produced during the period 10,000 In hand at the end of the period 10000 2,000 Also, find out the selling price per unit on the basis that profit margin is uniformly made to yield a profit of 20% of the selling price. There was no work-in-progress either at the beginning or at the end of the period