QUIZ Question: Al-Falah Ltd. is a manufacturing concern which produces and selis a product Ai.PlIA. Purchase of raw materia is made in pre-determined quantities of 1000 tons at the start of each week. Information relating to purchases of raw material is as follows: Purchase price (Per ton) Customs duty (Per ton) General sales Tax(% of Purchase price Freight inward (Per ton) uarter 1 Quarter 2 Quarter 3 Quarter 4 150 15 15% 35 100 15 15% 20 120 15 15% 30 140 15 15% 25 Production during the year was 50,000 tones and theie was a normal capacity to produce 60.000 tones. Details of other costs incurred are as follows: Labour costs Packing Material (Production Cost) Production Supervisor's salary Godown rent Power charges Other fixed overheads Salary of sales workforce Rs. 1,000,000 800,000 100,000 260.000 580.000 300,000 400.000 40 ton 4 Delivery cost Each unit of finished goods of the product is sold at Rs. 300. There was no opening stock and at the year-end there were '5,000 units of raw material and 2000 units of finished goods in inventory. Required: Fihd out the value of finished goods inventory on weighted average basis QUIZ Question: Al-Falah Ltd. is a manufacturing concern which produces and selis a product Ai.PlIA. Purchase of raw materia is made in pre-determined quantities of 1000 tons at the start of each week. Information relating to purchases of raw material is as follows: Purchase price (Per ton) Customs duty (Per ton) General sales Tax(% of Purchase price Freight inward (Per ton) uarter 1 Quarter 2 Quarter 3 Quarter 4 150 15 15% 35 100 15 15% 20 120 15 15% 30 140 15 15% 25 Production during the year was 50,000 tones and theie was a normal capacity to produce 60.000 tones. Details of other costs incurred are as follows: Labour costs Packing Material (Production Cost) Production Supervisor's salary Godown rent Power charges Other fixed overheads Salary of sales workforce Rs. 1,000,000 800,000 100,000 260.000 580.000 300,000 400.000 40 ton 4 Delivery cost Each unit of finished goods of the product is sold at Rs. 300. There was no opening stock and at the year-end there were '5,000 units of raw material and 2000 units of finished goods in inventory. Required: Fihd out the value of finished goods inventory on weighted average basis