PROBLEM1 5 Following is the statement of cost of goods manufactured by Nirmala Private Ltd. Present the data in a suitable form for analysis : 2010 2009 Raw Materials: Opening Stock 23,000 21,000 Purchases 2,37,000 2,15,000 2,60,000 2,36,000 Closing Stock 26,000 23,000 Materials Consumed 2,34,000 2,13,000 Direct Labour 3,16,000 2,53,000 Manufacturing Expenses 1,42,000 1,21,000 6,92,000 5,87,000 Valuation in Goods in Processes of Stock: Opening of year 14,000 13,000 Closing of year 16.000 14,000 Increase 2,000 1,000 Cost of Goods Manufactured 6,90,000 5,86,000