Reference no: EM132611393
Sakaja ltd manufacturing company provides to you the following information for the month of January 2010.
STOCKS ON 1ST January 2010
Shs
Raw materials 1200,000
Work in progress 240,000
STOCKS ON 31ST January 2010
Raw materials 500,000
Work in progress 130,000
- Expenses incurred during the month
Purchases of raw materials for October 3,500,000
Direct labour 1,200,000
Salaries of factory supervisors 400,000
Factory rent
Delivery Van expenses 150,000
Power 250,000
Advertising cost 140,000
Office salaries 260,000
Stationery for the Directors office 190,000
80,000
Sundry office expenses 140,000
Salesmen's salaries 460,000
Sundry selling expenses 200,000
Required:
Question 1: Prepare Sakaja's Cost statement for the Month of January 2010