prepare statement on cost of production of goods manufactured statement of cost of p 555967

The following information is obtained from the records of a factory for the period from 1 June to 30 June:

Rs

Opening balance of raw materials on 1 June

15,000

Purchases of raw materials during the month

2,25,000

Wages paid

1,15,000

Factory overheads

46,000

Opening balance of WIP on 1 June

6,000

Opening balance of WIP on 30 June

7,500

Closing balance of raw materials on 30 June

12,500

Opening balance of finished goods manufactured on 1 June

30,000

Closing balance of finished goods manufactured on 30 June

27,500

Selling and distribution overheads

10,000

Administration overheads

15,000

Sales

4,50,000

Prepare statement on cost of production of goods manufactured, statement of cost of production of goods sold and statement of profit on sales.

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