Prepare cost of goods sold statement from the information

Assignment Help Accounting Basics

Reference no: EM13258813

The information relating to cost department of ALPHA& OMEGA Corporation is as follows:

Inventory

Jan 1

(Rs)

Dec 31

(Rs)

Work in process

82,000

42,000

Finish goods

48,000

Finish goods inventory Jan1 300 units

Dec 31 420 units

Sold during the year 3,880 units at Rs. 220 per unit

Particulars	Rs.
Material Purchased	360,000
Conversion cost	214,400
FreightIn	8,600
Purchasediscount	8,000
Opening material inventory	34,000
Closing material inventory	49,000

Prepare Cost of Goods Sold Statement from the above information.

Reference no: EM13258813

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