Q. 7. From the following information prepare a statement of cost: Opening Stock of Raw Materials Tk. 25000 Opening Stock of Finished Goods Tk. 30000 Opening Stock of Work in Process Tk. 20000 Closing Stock of Raw Materials Tk. 30000 Closing Stock of Finished Goods Tk. 35000 Closing Stock of Work in Process Tk. 10000 Raw materials purchased Tk. 455000. Direct labour cost Tk. 320000. Factory overhead was 75% of direct labour cost. Administrative expenses Tk. 45000 and selling expenses Tk. 25000. Profit 30% on total sales.