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Question 1: Prepare Cost Sheet from the following information of Cost land Ltd for the period from July 1 to December 31st, 2013.
Particulars July-13 Dec-13
Cost of raw materials 75000 30,000
Cost of work-in-progress 28,000 23,000
Cost of stock of finished goods 40,000 9000
Transactions during six months are:
Purchase of raw materials 2, 50,000
Wages paid 44,000
Factory overheads 30,000
Selling and Distribution overheads 18,000
Sales 12, 00,000
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