Q3. From the following inventory of ABC co. Ltd, Determine (i) raw material purchases (ii) the direct labour cost incurred (iii) the cost of goods sold. Beginning Ending Inventory Inventory (Rs) (Rs) Finished goods 1,20,000 90,000 work in progress 60,000 70,000 Raw materials 80,000 85,000 (Rs.) 6,70,000 Additional Information Cost of goods available for sale Total goods processed during the period Factory overhead Direct material used 6,30,000 1,77,000 1,92,000