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.