A fire occurred in the factory premises on October 31, 2003. The accounting records have been destroyed. Certain accounting records were kept in another building. They reveal the following for the period September 1, 2003 to October 31, 2003.

The loss is fully covered by insurance company. The insurance company wants to know the historical cost of the inventories as a basis for negotiating a settlement, although the settlement is actually to be based on replacement cost, not historical cost.

Required

(i) Finished goods inventory, 31.10.2003
(ii) Work-in-process inventory, 31.10.2003
(iii) Direct materials inventory, 31.10.2003

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(i) Direct materials purchased (ii) Work-in-process inventory, 1.9.2003 (iii) Direct materials inventory, 1.9.2003 (iv) Finished goods inventory, 1.9.2003 (v) Indirect manufacturing costs (vi) Sales revenues (vii) Direct manufacturing labour (viii) Prime costs (ix) Gross margin percentage based on revenues (x) Cost of goods available for sale Rs. 2,50,000 Rs. 40,000 Rs. 20,000 Rs. 37,750 40% of conversion cost Rs. 7,50,000 Rs. 2,22,250 Rs. 3,97,750 30% Rs. 5,55,775