Cpt
This query is : Resolved
Guest
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 ?
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 ?
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
= 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
Message likes :
1 times
11 August 2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Query regarding reporting of exempt foreign remuneration in ITR
- DUE DATE FOR ITR FILING
- U/S 194 T
- 44AD, 44ADA business details
- Old Traces Portal
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
