Beta Engineering Works Manufactures - Management Assignment Help

Assignment Task:

Task:

Beta Engineering Works Manufactures a product. The following is the information provided by them for the year ended March 31, 2018.
Particulars Amount
Opening Stock of Raw Materials 20,000
Closing Stock of Raw Materials 30,000
Productive Wages 2,30,000
Opening Stock of Work in Progress 50,000
Closing Stock of Work in Progress 40,000
Opening Stock of Finished Goods (15,000 units) 1,20,000
Goods available for sale 13,35,00

Closing stock of Finished Goods 90,000
Productive Wages due but not paid 20,000
1. Factory overheads are recovered at 100% of productive wages.
2. Administrative Overheads are recovered at the rate of Rs. 2/- per unit.
3. The company charges selling expenses at the rate of Rs. 3/- per unit.
4. The company has sold 1,40,000 units during the year out of the total stock of 1,50,000 units available for sale.
5. The company maintains a profit @ 20% on sales.
You are required to prepare the cost for the year ended March 31,2018. Working notes form a part of the answer. Please show working notes wherever necessary.

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