Prepare a Cost of Production from the following particulars in the books of Gulf News at...

 

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Prepare a Cost of Production from the following particulars in the books of Gulf News at the end of 31st March 2022: Raw material purchased Freight charges Sale of wastage of material Direct Wages Overhead expenses Factory Overheads General and administrative expenses Selling and distribution expenses Profit Raw material Work in progress Opening stock 10,000 SAR 20,500 SAR 150,000 SAR 5,000 SAR 1,500 SAR 25,000 SAR 30,000 SAR 25% of Prime Cost 10% of Factory Cost 5% of production cost 15% on Sales Closing stock 15,000 SAR 19,875 SAR Prepare a Cost of Production from the following particulars in the books of Gulf News at the end of 31st March 2022: Raw material purchased Freight charges Sale of wastage of material Direct Wages Overhead expenses Factory Overheads General and administrative expenses Selling and distribution expenses Profit Raw material Work in progress Opening stock 10,000 SAR 20,500 SAR 150,000 SAR 5,000 SAR 1,500 SAR 25,000 SAR 30,000 SAR 25% of Prime Cost 10% of Factory Cost 5% of production cost 15% on Sales Closing stock 15,000 SAR 19,875 SAR

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