DM Cost 140000

Production in unit 100000 unit

closing Inventory of DM 2000 kg
DM used for making 1 unit is 2 kg
DM purchased (production unit* 2 + closing inventory) 202000 kg

DM per kg cost (DM Cost/ DM purchased in unit) 0.693069

DM Closing inventory cost (inventory*per kg cost) 1386.139

Cost Sheet unit 100000

Particulars cost p.u.
Direct Material 140000 1.4
Direct Labour 30000 0.3
Prime cost 170000 1.7
Factory overheads:
Plant energy costs 5000
Indirect Labour:
Variable 10000
fixed 16000
Indirect other:
Variable 8000
Fixed 24000 63000 0.63
Gross Works cost 233000 2.33
Less: Opening inventory of WIP 0
Add: Closing inventory of WIP 0
Manu. Cost/Net Works cost 233000 2.33
Add: opening inventory of Finished goods 0-
Less: Closing inventory of Finished goods 20970 - 9000 units
Manufacturing cost of good sold(91000 unit) 212030 2.33
MKT. DIST AND CUST. OH :
VARIABLE 122850
FIXED 40000 162850 1.78956
Adminstration OH 50000 0.549451
Cost of good sold 424880 4.669011
Gross profit/ Operating profit 11920 0.130989
Revenue 436800 4.8

Total Production 100000 units

Manu. Cost p.u 2.33 Rs.
finished goods inventory 20970 Rs.
Finished goods inventory in unit 9000 Units =F44/F43
Unit sold during the year (production - finished good inv.) 91000 =F42-F45
 Cost Sheet unit 100000
Particulars cost p.u.
Direct Material 140000 1.4
Direct Labour 30000 0.3
Prime cost 170000 1.7
Factory overheads:
Plant energy costs 5000
Indirect Labour:
Variable 10000
fixed 16000 31000 0.31
Gross Works cost 201000 2.01
Less: Opening inventory of WIP 0
Add: Closing inventory of WIP 0
Manu. Cost/Net Works cost 201000 2.01
Add: opening inventory of Finished goods 0-
Less: Closing inventory of Finished goods 18090 - 9000 units
Manufacturing cost of good sold(89567.16 unit) 182910 2.01
MKT. DIST AND CUST. OH :
VARIABLE 122850
FIXED 40000 162850 1.78956
Adminstration OH 50000 0.549451
Indirect other:
Variable 9100
Fixed 16000 25100 0.275824
Cost of good sold 420860 4.624835
Gross profit/ Operating profit 15940 0.175165
Revenue 436800 4.8

Total Production 100000 units

Manu. Cost p.u 2.01 Rs.
finished goods inventory 18090 Rs. =F35*F33
Finished goods inventory in unit 9000 Units
Unit sold during the year (production - finished good i 91000 =F32-F35
DM
Begin DM inventory 900
DM Purchased 3600
DM used (Op. inventory + pur. - clo. Inv) 3750 (given)

DM Clo. Inventory (op. inv. + pur. - DM used) 750 =G3+G4-G5

Cost Sheet
Particulars Amount
Begin DM inventory 900
DM Purchased 3600
Less: Clo. Inventory 750
DM Used 3750 =G12+G13-G14
variable manu. OH 2500
Fixed manu. OH 2300
total manu. OH 4800
Total Manu. Cost other than DL 8550 =SUM(G15,G18)
DL (manu. Cost - Manu. Cost other than DL) 7450 =G21-G19
Total Manu. Cost 16000
Add: op. inventory of WIP 2000
Less: clo. Inventory of WIP 1500 =G21+G22-G24
Cost of goods Manufactured 16500
Add: op. inventory of FG 1250
Less: clo. Inventory of FG 750 =G24+G25-G27
Cost of Goods Sold 17000

Goods Manufactured in sep. 16500

Add: op. inventory of FG 1250
Goods available for sale 17750