The books of Adarsh Manufacturing Company present the following data for the month of April 2007:
Direct labour cost Rs. 17,500 being 175% of works overheads
Cost of goods sold excluding administrative expenses Rs. 56,000.
Inventory accounts showed the following opening and closing balances:

You are required to:
(i) Compute the value of materials purchased
(ii) Prepare a cost statement showing the various elements of cost and also the profit earned.

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Raw materials Work-in-progress Finished goods Other data are: Selling expenses General and administrative expenses Sales for the month April 1 Rs. 8,000 10,500 17,600 Rs. 3,500 2,500 75,000 April 30 Rs. 10,600 14,500 19,000