Raw material(1-1-03) Rs. 32,000 16,500 25,000 Work-in-Process(1-1-03) Finished Goods (1-1-03) Sales Sales return Purchases of raw material Administrative expense Marketing expense Indirect material Indirect labor Rs. 12,500 Raw material(31-12-03) 6,300 Work-in-Process(31-12-03) 12.500 Finished Goods(31-12-03) 678,600 Direct labor 15,000 Other factory overhead 245,000 Repair and maintenance 70,000 Insurance-factory 55,000 Depreciation-factory 8,000 125,000 17,600 10,000 12.000 22,000 4,500 Required: 1. Statement of cost of goods manufactured 2. Income Statement