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Guest (Querist)
23 November 2012 Opening Stock
Raw Materials 17,400
Work-In-Progress 11,200
Finished Goods 41,500

Closing Stock
Raw Materials 18,100
Work-In-Progress 11,400
Finished Goods 40,700

Overhead Expenses - 61,100
Wages - 40,400
Purchase of Raw material - 91,900
Cost of Finished goods Produced ?
Cost of Finished goods Sold ?
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Dilip

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Dilip (Expert)
24 November 2012 Cost of Stock given to WIP
= RM Purchase + RM Opening - RM Closing
= 91,900 + 17,400 - 18,100
= 91,200

Cost of FG Produced
= Stock given to WIP + WIP Opening - WIP Closing
= 91,200 + 11,200 - 11,400
= 91,000

Cost of FG Sold =
= Cost of FG Produced + FG Opening - FG Closing
= 91,000 + 41,500 - 40,700
= 91,800
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 August 2023
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