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Q.2. From the following information prepare a statement of cost: Inventories Raw Materials Finished goods Opening (Tk) Closing (Tk) 10000 12500 9000 8500 Raw
Q.2. From the following information prepare a statement of cost: Inventories Raw Materials Finished goods Opening (Tk) Closing (Tk) 10000 12500 9000 8500 Raw materials purchased Tk 250500. Direct labour cost Tk 120000. Factory overhead was 60% of direct labour cost. Administrative cost 10% of work cost. Selling expenses Tk 25500. Profit 25% on total sales.
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