Calculate cost of sales from the following information: Net Works Cost ₹2,00,000 Office & Administration Overheads : ₹1,00,000; Selling Overheads : ₹10,000 Opening stock of WIP : ₹10,000; Closing stock of WIP : ₹20,0
CS Executive · Cost and Management Accounting · PYQS · December 2019
Calculate cost of sales from the following information: Net Works Cost ₹2,00,000 Office & Administration Overheads : ₹1,00,000; Selling Overheads : ₹10,000 Opening stock of WIP : ₹10,000; Closing stock of WIP : ₹20,000 Closing stock of finished goods : ₹30,000; There was no opening stock of finished goods.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cost Sheet
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