Al-Falah Ltd. is a manufacturing concern which produces and sells a product ALPIIA. Purchasc of raw...

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Al-Falah Ltd. is a manufacturing concern which produces and sells a product ALPIIA. Purchasc of raw material is made in pre-determined quantities of 1000 tons at the start of each week. Information relating to purchases of raw material is as follows: Quarter 3 Quarter 4 120 15 15% Quarter 1 Quarter 2 100 Purchase price (Per ton) Customs duty (Per ton) General sales Tax (% of Purchase price) Freight inward (Per ton) 140 150 15 15% 15 15 15% 15% 20 30 25 35 Production during the year was 50,000 tones and there was a normal capacity to produce 60.000 toncs. Details of other costs incurred are as follows: Rs. Labour costs Packing Material (Production Cost) Production Supervisor's salary Godown rent 1,000,000 800,000 100,000 260.000 Power charges Other fixed overheads 580.000 Salary of sales workforce * Delivery cost 300,000 400,000 40 / ton Each unit of finished goods of the product is sold at Rs. 300. There was no opening stock and at the year-end there were's,000 units of raw material and 2000 units of finished goods in inventory. Required: Find out the value of finished goods inventory on weighted average basis Al-Falah Ltd. is a manufacturing concern which produces and sells a product ALPIIA. Purchasc of raw material is made in pre-determined quantities of 1000 tons at the start of each week. Information relating to purchases of raw material is as follows: Quarter 3 Quarter 4 120 15 15% Quarter 1 Quarter 2 100 Purchase price (Per ton) Customs duty (Per ton) General sales Tax (% of Purchase price) Freight inward (Per ton) 140 150 15 15% 15 15 15% 15% 20 30 25 35 Production during the year was 50,000 tones and there was a normal capacity to produce 60.000 toncs. Details of other costs incurred are as follows: Rs. Labour costs Packing Material (Production Cost) Production Supervisor's salary Godown rent 1,000,000 800,000 100,000 260.000 Power charges Other fixed overheads 580.000 Salary of sales workforce * Delivery cost 300,000 400,000 40 / ton Each unit of finished goods of the product is sold at Rs. 300. There was no opening stock and at the year-end there were's,000 units of raw material and 2000 units of finished goods in inventory. Required: Find out the value of finished goods inventory on weighted average basis

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Ques Sol Raw Material Calculation putchae picaf Quartes1 Qth 2 120 14... View the full answer