Homework Answers
| In the books of BaseBawl Co. | |||||||
| Cost statement as on 31st Dec 2018 | |||||||
| Particulars | Amt (in $) | Notes:- | |||||
| Direct materials :- | 1. Assuming that the information provided about the closing stock is in Monetary Terms and not in units . | ||||||
| Plastic Card Material | 4,00,000.00 | ||||||
| Direct labour costs :- | |||||||
| Admin production Labour | 20,000.00 | ||||||
| Cutting Labor Costs | 1,00,000.00 | ||||||
| Prime Costs | 5,20,000.00 | ||||||
| Add :- | |||||||
| Rent for cutting Machine | 50,000.00 | ||||||
| Heat for Store | 40,000.00 | ||||||
| Power For MFG Floor | 15,000.00 | ||||||
| Factory Overheads | 6,25,000.00 | ||||||
| Add :- Opening WIP | 10,000.00 | ||||||
| Less :- Closing WIP | (5,000.00) | ||||||
| Cost of Production / Cost of Goods MFG | 6,30,000.00 | ||||||
| Add:- Opening FG | 8,000.00 | ||||||
| Less:- Closing FG (Note 1) | (4,000.00) | ||||||
| Cost Of Goods Sold | 6,34,000.00 |
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