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ASSIGNMENT NO. 01
FALL - 2021
QUESTION :
September 01 September 30
Finished goods Rs. 1,50,000 Rs. 1,75,000
Work in process 96,000 1,30,000
Materials 70,000 74,000
Other data :
Marketing expenses Rs. 1,41,000
General and administrative expenses 2,29,000
Sales for the month 18,20,000
Required :
An income statement with schedule showing cost of goods manufactured and sold.