Question 3: Direct Material April 1 Rs. 60, 000 Direct Material - March 31 - Rs. 23, 500 Indirect Material 25,000 Rent (4/5 factory, 1/5 office) 45,000 Labor costing Rs. 250,000 of which 80 % is Direct Labor Depreciation on building 30, 000 factory, office and selling in the ratio of 6: 1:1 Purchases of DM 70,000 Insurance (4/5 factory, 1/5 office) 100, 000 Freight in 5,000 General Expenses 12,000 Purchases Discount - 2 % of Purchases Administrative Expense 15,000 Work-in-Process - April 1 130, 000 Work-in-Process - March 31 - 150,000 Required: Calculate the Prime, Conversion, Product, Period Cost and Cost of Goods Manufactured