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Q.3. From the following information calculate profit and sales: Material Consumed SR 16,000 Direct Labor SR 9,000 Carriage Inward SR 4,000 Opening Finished Goods SR

Q.3. From the following information calculate profit and sales:

Material Consumed	SR 16,000
Direct Labor	SR 9,000
Carriage Inward	SR 4,000
Opening Finished Goods	SR 9,500
Depreciation of Factory Plant	SR 8,000
Factory Insurance	SR 6,500
Closing Finished Goods	SR 5,000
Office Insurance	SR 5,500
Telephone Charges	SR 2,000
Sales Promotion Expenses	SR 7,000
Profit	20% of Cost of Sale

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