Q.2. From the following information prepare a statement of cost: Inventories Opening (Tk) Closing (Tk) 10000...

 

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Q.2. From the following information prepare a statement of cost: Inventories Opening (Tk) Closing (Tk) 10000 9000 12500 8500 Raw Materials Finished goods Raw materials purchased Tk 250500. Direct labour cost Tk 120000. Factory overhead was 60% of direct labour cost. Administrative cost 10% of work cost. Selling expenses Tk 25500. Profit 25% on total sales. Q.2. From the following information prepare a statement of cost: Inventories Opening (Tk) Closing (Tk) 10000 9000 12500 8500 Raw Materials Finished goods Raw materials purchased Tk 250500. Direct labour cost Tk 120000. Factory overhead was 60% of direct labour cost. Administrative cost 10% of work cost. Selling expenses Tk 25500. Profit 25% on total sales.

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The cost of goods manufactured and sold during the period was as follows Raw ... View the full answer