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  • Question 1
    1 / -0

    Opening Stock of Raw-Materials Rs. 1,00,000. Closing stock of Materials Rs. 2,00,000, PurchasesRs. 3,00,000, Carnage Inward Rs. 10,000, Freight outward Rs. 5,000. Purchase Returns Rs. 20,000, Opening Work-in progress Rs. 25,000, Closing work-in-progress Rs.10,000. Manufacturing overheads Rs. 6,000, Selling Overheads Rs. 10,000, Sale of By-products Rs. 1,000, Royalty based on production Rs. 5,000. The cost of manufactured goods is ____________.

  • Question 2
    1 / -0

    Directions For Questions

    Use the following information to answer the questions below:
    OpeningClosing
    Stock of raw materials17,00018,000
    Work-in-progress11,00012,000
    Stock of finished goods42,00041,000

    During the year manufacturing overhead expenses amounted to Rs. 61,000, Manufacturing wages to Rs. 40,000 and purchase of raw materials to Rs. 92,000. There were no other direct expenses.

    ...view full instructions

    The manufacturing Cost of Finished Goods available forsale was:

  • Question 3
    1 / -0

    Directions For Questions

    Use the following information to answer the questions below:
    OpeningClosing
    Stock of raw materials17,00018,000
    Work-in-progress11,00012,000
    Stock of finished goods42,00041,000

    During the year manufacturing overhead expenses amounted to Rs. 61,000, Manufacturing wages to Rs. 40,000 and purchase of raw materials to Rs. 92,000. There were no other direct expenses.

    ...view full instructions

    The Manufacturing Cost of Finished Goods produced were:

  • Question 4
    1 / -0

    Which of the following is True?

  • Question 5
    1 / -0

    Directions For Questions

    Use the following information to answer the questions below:
    OpeningClosing
    Stock of raw materials17,00018,000
    Work-in-progress11,00012,000
    Stock of finished goods42,00041,000

    During the year manufacturing overhead expenses amounted to Rs. 61,000, Manufacturing wages to Rs. 40,000 and purchase of raw materials to Rs. 92,000. There were no other direct expenses.

    ...view full instructions

    The Cost of Raw Materials Consumed, were:

  • Question 6
    1 / -0

    Cost Goods sold is equal to _________________.

  • Question 7
    1 / -0

    Directions For Questions

    Use the following information to answer the questions below:
    OpeningClosing
    Stock of raw materials17,00018,000
    Work-in-progress11,00012,000
    Stock of finished goods42,00041,000

    During the year manufacturing overhead expenses amounted to Rs. 61,000, Manufacturing wages to Rs. 40,000 and purchase of raw materials to Rs. 92,000. There were no other direct expenses.

    ...view full instructions

    The manufacturing Cost of Finished Goods sold was ________________.

  • Question 8
    1 / -0

    Forwarding and Insurance charges Rs. 50,000 incurred by Consignor. Expenses incurred by Consignee: Landing & Clearing Rs. 1,400, Godown Rent Rs. 2,000, Unloading Expenses Rs. 2,800, Selling & Distribution Expenses Rs. 1,500, Transport Charges upto godown Rs. 5,600, Advertisement & Insurance Rs. 1,200, Establishment Costs Rs. 4,000. The amount of expenses to be considered while valuing the consignment stock is ___________.

  • Question 9
    1 / -0

    Closing Stock is equal to ___________________.

  • Question 10
    1 / -0

    Under inflationary conditions, which of the methods will show lowest value of closing stock ?

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