cute_asma
May 28, 2010, 08:20 PM
ATHER MANUFACTURING COMPANY
INVENTORIES JANUARY 1 1995
RAW MATERIAL Rs 546,000
GOODS IN PROCESS Rs 324,000
FINISHED GOODS Rs 482,000
INVENTORIES DECEMBER 31 1995
RAW MATERIAL[CENTER]GOODS IN PROCESS[CENTER]FINISHED GOODS
MATERIALS 581,000 129,000 435,000
LABOUR - 42,000 270,000
OVERHEAD - ? 216,000
Date of the year ended December 31
COST OF GOODS MANUFACTURED Rs 81,128,800
Factory overhead Rs 5,300,000
The Company also paid transportation cost on materials purchased of Rs 2,77,000
It received credit of Rs 163,000 for material return to suppliers.
REQUIRED ;
ON the basis of the above information and missing date which can be derived from it
PRPARE a statement of COST OF GOODS MANUFACTURED for the year ended DECEMBER 31, 1995
INVENTORIES JANUARY 1 1995
RAW MATERIAL Rs 546,000
GOODS IN PROCESS Rs 324,000
FINISHED GOODS Rs 482,000
INVENTORIES DECEMBER 31 1995
RAW MATERIAL[CENTER]GOODS IN PROCESS[CENTER]FINISHED GOODS
MATERIALS 581,000 129,000 435,000
LABOUR - 42,000 270,000
OVERHEAD - ? 216,000
Date of the year ended December 31
COST OF GOODS MANUFACTURED Rs 81,128,800
Factory overhead Rs 5,300,000
The Company also paid transportation cost on materials purchased of Rs 2,77,000
It received credit of Rs 163,000 for material return to suppliers.
REQUIRED ;
ON the basis of the above information and missing date which can be derived from it
PRPARE a statement of COST OF GOODS MANUFACTURED for the year ended DECEMBER 31, 1995