Question: Prepare cost statement for Linen and Carpets Ltd from following information for the year ended December 31. Particulars Indirect Labor - $ 20,000 Utilities for

Prepare cost statement for Linen and Carpets Ltd from following information for the year ended December 31.

Particulars

Indirect Labor - $ 20,000

Utilities for Factory - $ 35,000

Raw Materials on January 01 - $ 28,000

Prepare the cost statement

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