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Q10: The following data related to AL REHMAN manufacturing company for the year 2019 Purchase of Raw Material 4,40,000 Direct Material Used 4,50,000 Direct labor

Q10: The following data related to AL REHMAN manufacturing company for the year 2019

Purchase of Raw Material 4,40,000

Direct Material Used 4,50,000

Direct labor paid during the year 325,000

Direct labor assigned to production 350,000

Manufacturing overhead 4,00,000

During the year 122,000 units were manufactured and 125,000 units were sold .Selected Information concerning inventories during the year as follows.

ITEMS

JAN 1st (RS.)

Dec 31st (Rs.)

Raw Material

50,000

?

Work in process

90,000

70,000

Finished goods(15,000 units beginning)

135,000

?

REQUIRED:-

Cost of goods manufactured

Average cost per unit

Cost of goods sold (FIFO method)

Material (e)

Finished Goods (e)

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