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The Jupiter Ltd. Manufacturing company submits the following information on 31 March 2020 Rs. 2,75,000 Sales for the year Inventories of the beginning of the

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The Jupiter Ltd. Manufacturing company submits the following information on 31" March 2020 Rs. 2,75,000 Sales for the year Inventories of the beginning of the year were Finished Goods Work-in-Progress Purchase of materials for the year were Material inventory - at beginning of the year at the end of the year Direct Labour Factory Overhead was 60% of the Direct Labour Cost Sale of Scrap Inventores at the end of the year were: Work-in - Progress Finished Goods Other expenses for the year were Selling expenses 10% of sales Administrative expenses 5% of sales Dividend Paid 7,000 4,000 1,10,000 3,000 4,000 65,000 3,000 3,000 8,000 2,000 Prepare a Statement of Cost (8 Marks)

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