The books of Adarsh Manufacturing Company present the following data for the month of April: Direct labour cost \\( 17,500 \\) being \175 of works overheads. Cost of goods sold excluding administrative expenses \\( 56,000 \\). Inventory accounts showed the following opening and closing balances: You are required to: (i) FIND out the value of materials purchased. (ii) PREPARE a cost statement showing the various elements of cost and also the profit earned