PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished Goods (as on January 01, 2019) Raw Material (as on January 31, 2019) Work-in-Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wages Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance Office Cleaning Depreciation on Office Computers Office Telephone Bill Office Manager's Salary Office Stationery Fuel in Office Car Legal Charges Salesperson Salary Warehouse Rent Freight Outwards Depreciation of Delivery Van Showroom Rent and Taxes Advertisement AMOUNT IN DHS. 54,000 27,500 61,500 48,500 24,750 66,750 280,000 2,150 6,650 175,000 7,500 8,200 14,000 6,700 9,300 2,500 900 3,500 650 11,000 1,700 2,750 850 7,750 4,500 550 2,350 8,500 5,000 Prepare a cost sheet from the above data, showing: Prime cost Works cost Cost of production Total Cost Profit or loss, if the sales amounted to Dhs. 661.800. 13.236 units were manufactured in January 2019. SOLUTION Total Cost Particulars Unit Cost Prime Cost Works Cost COST OF PRODUCTION OF GOODS SOLD TOTAL COST OR COST OF GOODS SOLD ADD: PROFIT SALES REVENUE