Reference no: EM132585063

Following information is extracted from the books of a manufacturing concern on 31st December 2019.

Particulars Rs.                                                        Particulars Rs.

Opening stock of raw material                                13,000

Furniture and Fixtures                                          72,000

Plant and Machinery                                            98,000

Bank charges                                                        5,453

Cash in hand                                                          12,800

Cost of material available for use                               62,000

Opening inventory of finished goods                               8,000

Cost of direct material used                                        50,000

Sundry creditors                                                      54,000

Direct labour cost                                                    10,000

Sundry debtors                                                      20,000

Factory overhead cost                                             5,000

Loan taken from bank                                                44,300

Sales                                                                     85,000

Cost of goods available for sale                                      75,000

Gross profit                                                                    21,000

Required

Question a: Based on the above information, you are required to calculate the amount of:

1. Purchases

2. Prime cost

3. Cost of goods manufactured

4. Conversion cost

5. Cost of goods sold