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Following electronics Ltd. Produce a standard product and provide you the following information for the year ended 31st March 2018.raw materials 10000.purchages85000. Closing stock 4000.direct

Following electronics Ltd. Produce a standard product and provide you the following information for the year ended 31st March 2018.raw materials 10000.purchages85000. Closing stock 4000.direct wages 20000. Other direct expenses 10000.factory overhead 100 %of direct wages. Office overhead 10 % of work cost. Selling expenses 2 per unit sold. Finished goods opening stock 1000 units 16000.production during the year 10000 units. Closing stock 2000 units. Prepare costs sheet for the year ended 31st March 2018. Ascertain the selling price per units so as to yield a profit of 20 %on the selling price

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