Q.6. The Punjab Company has the following data. Descriptions Rs. Sales for the year 250,000 Raw material inventory as on July 1st, 2018 13,000 Finished goods inventory as on July 1st, 2018 58,000 Purchases 102,000 Purchases return 2.000 Direct labor cost 39,000 Power, heat & light 2.000 Indirect material consumed 4,000 Depreciation on plant 3,500 Depreciation on machinery 6,000 Tools expenses 3,000 Indirect labor cost 1,000 Fire insurance 250 Miscellaneous manufacturing costs 500 W.I.P inventory as on July 1st, 2018 12,000 W.L.P inventory as on June 30th, 2019 16,000 Raw material inventory as on June 30th, 2019 19,000 Finished goods inventory as on June 30th, 2019 56,500 Requirement: Prepare cost of goods sold Statement for the year ended June 30th, 2019. M