Question: Problem 3: A distraught employee, Mr. Unsatisfied, put a torch to a manufacturing plant on a blustery February 26. The resulting blaze destroyed the plant

Problem 3: A distraught employee, Mr. Unsatisfied, put a torch to a manufacturing plant on a blustery February 26. The resulting blaze destroyed the plant and its contents. Fortunately, certain accounting records were kept in another building. They reveal the following from Jan 1 to Feb 28, current year DM purchased Rs 16 lakh; WIP, Jan 1 Rs. 3.4 lakh; DM, Jan 1 Rs. 1.6 lakh; FG, Jan 1 Rs. 3.0 lakh; Revenues Rs 50.0 lakh; DL Rs 18.00 lakh; PC Rs 29.40 lakh; Indirect factory costs - 40% of Conversion cost; COG available for sale - Rs 45.00 lakh; Gross margin %age based on revenue -20% Calculate the FG stock, WIP stock and DM stock on February 28.

Problem 3: A distraught employee, Mr. Unsatisfied, put a torch to a manufacturing plant on a blustery February 26 . The resulting blaze destroyed the plant and its contents. Fortunately, certain accounting records were kept in another building. They reveal the following from Jan 1 to Feb 28, current year DM purchased Rs 16 lakh; WIP, Jan 1 Rs. 3.4 lakh; DM , Jan 1 Rs. 1.6 lakh; FG, Jan 1 Rs. 3.0 lakh; Revenues Rs 50.0 lakh; DL Rs 18.00 lakh; PC Rs 29.40 lakh; Indirect factory costs - 40% of Conversion cost; COG available for sale - Rs 45.00 lakh; Gross margin \%age based on revenue - 20% Calculate the FG stock, WIP stock and DM stock on February 28

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