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)