Prepare cost goods sold statement

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Reference no: EM13256447

Rupees

Sales 300,000

Direct Material purchased100,000

Direct Labor80,000

FOH 70,000

Increase in materialinventory 10,000

Decrease in WIP inventory5,000

Increase in finish goodsinventory 30,000

Prepare cost goods sold statement and calculate the following ratios

1. Gross profit markup ratio

2. Gross profit margin ratio

3. Net profitratio

4. Finished goods inventoryturnover ratio

5. Finished goods inventoryholding period in months

(Opening inventory Rs. 60,000and Closing inventory Rs. 90,000)

Reference no: EM13256447

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