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Prepare cost statements in good form to show production cost

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Reference no: EM132995826

Question - The following data relates to Nyasuguta Ltd for the period ended 30th June, 2017

Opening stock

Raw materials 10,000

Work in progress 5,000

Finished goods 6,000

Closing stock

Raw materials 8,000

Work in progress 4,000

Finished goods 10,000

Purchase of raw materials 50,000

Carriage inwards 5,000

Direct wages 28,500

Plant, Rent rates and electricity 1900

Depreciation, maintenance 2250

Managers salary 2000

Office rent and rates 950

Salaries and Remuneration 2600

Sundry expenses 500

Advertisement and salesman 4000

Carriage outwards 500

Required - Prepare cost statements in good form to show

i. Production cost

ii. Profit for the period

Reference no: EM132995826

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