4948353804

7

QP Codę : 13857

Closing stock of Raw Materials ? 1,95,000 and Work-in-Progress ? 78,000. During the year 1,50,000 units werc pr&duccd out of which 7,000 units remaincd unsold.

Prcparc Cos*, shcc* ar.d show the total ar.d per unit cost and total profit and per unit profit camcd.

OR

4. Following is the summarised Profit & Loss Account of M/s Star 15 Manufncluring Co. Ltd. for the year ecded 3 lst Dcc. 2014.

. Profit & Loss Account For the year ended 3lst Dcc. 2014.

Particulars	7	Particulars	r
To Wagcs	1,51,000	By Salcs (12,000 units)	6,00,000
To Materials used	2,74,000	By Cl.stock of Finishcd
To Factory Expenscs	83,000	Goods (400 units)	16,000
To F.xpenses on		By Closing stock of
Administration	38,240	Work-in-Progrcss	12,000
To Sclling Expcnses	45,000	By Divider.ds rcccivcd	1,800
To Goodwill written off	2,000
To Prcliminary F.xpcnscs
written off	4,000
To Net profit	32,560
	6,29,800		6,29,800

In the cost accouats :

(1)    Factory expcnscs have been allocatcd to the production at 20% on primc cost.

(2)    Expcnses of administration at T 3 per unit produced.

(3)    Sclling expenscs at 4 per unit sold.

. You arc requircd to prcparc Cost shect of the company and rcconcilc the profits disclosed by Cost accounts and those shown by Financial accounts.