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The following list of costs have been extracted from the re company for the year ending 31st December, 2020. You are requ of cost
The following list of costs have been extracted from the re company for the year ending 31st December, 2020. You are requ of cost showing: (a) Cost of raw materials consumed (b) Prime Co of production (e) Cost of goods sold (f) Total cost of goods sold a Description of Cost Tsh (000) Description of Cost 1 Stock of Raw Materials (1-1-2020) 3,000 11 Experiment expenses 2 Stock of Raw Materials (31-12-2020) 2,400 12 Wastage of materials 3 Purchases of Raw materials 14,000 13 Factory overhead I 5 Stock of work-in-progress (1-1-2020) 1,000 14 Establishment on costs 6 Stock of work-in-progress (31-12-2020) 800 15 Selling overhead 7 Carriage inward 500 16 Distribution overhead 4.000 17 Stock of finished good 99 Manufacturing wages
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