Q4

Q4. MM inc. submits the following data for September. ------------------------------------------(30)

Direct Labor cost Rs=80,000, Factory overhead is applied at the rate of 125% of D. Labor cost.

Inventories Beginning Ending

Finished goods. 17,000 19,000

W.I. P 10,000 12,000

Material 9,000 5,400

Cost of goods sold Rs=222, 000.

Other data

Sales for the Month Rs= 400,000

Marketing Expenses Rs=28,200

General and administration expenses Rs=44,000

Required:

Q:prepare the cost of goods sold statement from the above data.

Q;Income Statement

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