7 Prepare the cost sheet to show the total cost of production and cost per...
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Accounting
7 Prepare the cost sheet to show the total cost of production and cost per unit of goods manufactured by a company for the month of July 1976. Also find out the cost of sales. Rs. Stock of raw materials 1-7-1976 3,000 Raw materials purchased 28,000 Stock of raw materials 31-7-1976 4,500 Manufacturing wages 7,000 Depreciation on plant 1,500 Loss on sale of a part of plant 300 Factory Rent and Rates 3,000 Office Rent 500 General Expenses 400 Discount on sales 300 Advertisement Expenses to be charged fully 600 Income-tax paid 2,000 The number of units produced during July 1976 was 3,000. The stock of finished goods was 200 and 400 units on 1-7-1976 and 31-7-1976 respectively. The total cost of units on hand on 1-7-1976 was Rs 2.800. All these had been sold during the month
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