Q2) From the following information prepare a statement showing (i) Prime cost (ii) Works cost (iii) Cost of Production (iv) Cost of Sales (v) Net profit of X Ltd. which produced and sold 1000 units in June 2019. Rs. Opening Stock: Raw Materials 24,000 Finished goods 16,000 Closing stock: Raw Materials 20,000 Finishtrd goods 15,000 Purchase of Raw Materials 80,000 Sales 2,00,000 Direct Wages 35,000 Factory Wages 2,000 Carriage Inward 2,000 Carriage Outward 1,000 Factory Expenses 4,000 Office Salaries 15,000 Office Expenses 12,000 Factory Rent \& Rates 2,500 Depreciation - Machinery 2,500 Bad Debts 1,580 Solution Ltd. Prepare Cost Statement for June, 2019