During the year ended June 30 2006 Factory overheads for the-00116
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vu bio303 Biochemistry II.
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vu bio303 Mid Term Solved Past Paper No. 1.
Question 1: During the year ended June 30, 2006. Factory overheads for the year were Rs.380,000. The inventory balances are as follows:
| July 1, 2005 - June 30, 2006 | Rupees Rupees | |
| Finished goods | 90,000 | 105,000 |
| Work in process | 121,000 | 110,000 |
| Materials | 100,000 | 105,000 |
Required:
- Cost Of Goods Manufactured Statement.
- Cost Of Goods Sold Statement.