The following information has been obtained from the records of AJ Corporation Ltd for the period from
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Question:
The following information has been obtained from the records of AJ Corporation Ltd for the period from January 1 to June 30, 2013.
PARTICULARS 1. 1.2013 $ , 30.6.2013 $
Cost of Raw Materials 10,000 , 7,500
Cost of Work in Progress 5,000 , 6,000
Cost of Stocks of finished Goods 25,000 , 22,500
Transactions during six months are :
Purchase of Raw Materials 225,000
Wages Paid 110,000
Factory-Overheads 40,500
Administration Overheads 25,000
Selling and Distribution Overhead 10,000
Sales 1,000,000
provide cost sheet
Expert Answer:
Based on the provided information we can prepare the following cost sheet for AJ Corporation Ltd for ... View the full answer
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