The following data pertains to XYZ Company for the year ended December 31, 20X3. Prepare a Cost
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Question:
The following data pertains to XYZ Company for the year ended December 31, 20X3. Prepare a Cost Ledger in tabular format:
Particulars | Amount ($) |
Opening Stock | 10,000 |
Purchases | 50,000 |
Direct Labor | 20,000 |
Factory Overheads | 15,000 |
Sales | 100,000 |
Closing Stock | 5,000 |
Additional Information:
- Calculate Prime Cost, Factory Cost, Cost of Production, Cost of Sales, and Gross Profit.
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