The is ho Q:) required Opening Stock following given from you which you to prepare Cost Sheet for period ended: Consumable Material: Shock $ 20 000 Purchases - $ 122,000 - $ 10, $ 36,000 Direct expenses $24,000 50% of direct wages Closing stock Direct wages - Factory overheads office A Administration overheads 201 of works cost Selling & distribution expenses & per unit sold units of finished goods. In hand at the beginning of the period (value $ 12.500) 500 units units produced during the period 12,000 In hand of the end of the period 1. Soo units Find out the selling price per unit if 20% poht on selling price. There is no work in progress either at beginning ( at the end of the period. 1600 Total amount per unit 20,000 122,000 2.00 NISHED 46-60 24,000 tet, tee 10,000 156.000 36.000 11 3.00 192 000 16 60 +420 150 18,000 210.000 17.50 42.600 3.50 Particulars opening Stock Purchases Direct Expenses RAWAT (-) Closing Stock RAW MATERIALS CONSUMED (+) Direct wages = PRIME COST (+) Factory Overheads (50l on DL) FACTORY COST (+) Office Overheads (20% of wo) - TOTAL COST OF PRODUCTION (+) Opng. Stook of FG (500 @ 251-) Cost of goods available for sale (12,000 + 500- 12.500) Stock of finished goods (1.500 @ 21/-) - Cost OF GOODS SOLD (12,500 -1,SODE 11.000 units) Belling & Dist. 0/4s @ 3 COST OF SALES =) Profit on 201 of selling Price / Sales, i.e., 25% of Cost SALES 252,000 21:00 12 500 264 soo & closing 31, 500 233,000 21:18 33.000 3.00 266,000 24.18 66 500 6.04 30.22 332,500