the books and records of ajith manufacturing company present the following data for 555927

The books and records of Ajith manufacturing company present the following data for the month of January 2000:

Direct labour

32,000 (160% of factory overheads)

Cost of goods sold

1,12,000

Administration overhead

5,200

Selling overhead

6,800

Sales

1,50,000

Inventory accounts showed the following opening and closing balances:

1 January

31 January

Raw materials

16,000

17,200

WIP

16,000

24,000

Finished goods

28,000

36,000

You are required to prepare a statement showing the cost of goods manufactured and sold and the profit earned. Raw materials consumed:

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