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The Suhail LLC. supplies you the following information and requires you to prepare a cost sheet. (Assume the profit on cost is 20%) [3

The Suhail LLC. supplies you the following information and requires you to prepare a cost sheet. (Assume the profit on cost is 20%) [3 Marks] Consumable material: Opening stock Purchases Closing stock Direct wages Other direct expenses Factory overheads Office overheads Selling and distribution overheads Unit of finished product: In hand beginning of the period Produced during the period In hand at the end of the period In Dollar 100,000 850,000 40,000 200,000 100.000 100% of direct labor 10% of work cost $2 per unit sold. Unit 1,100(value $160,000) 10,000 units 2,000 units

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