2,000 kgs. of Art Board valued at Rs.8,000 were issued for the manufacture of medium sized cartons. The following details were collected:
(a) 2,400 Nos. medium sized cartons weighing 0.50 kg. each were manufactured.
(b) 480 kg. of offcuts were used for the manufacture of small sized carton. This would have amounted to Rs.1,000.
(c) 320 medium sized cartons were damaged and rectification costs came up to Rs.160.
(d) 120 kg. of offcuts were sold as scrap for Rs.20.
You are required to calculate the cost of one medium sized carton assuming that there are no opening or closing stocks