b) The following cost and inventory data are collected from the accounting records of AlfaCompany for the month ended September 30, 2021:ParticularsTakaParticularsTakaRaw materials (01.09.21)Freight inwards40,000 Depreciation on delivery van12,500 Direct labor60,000 Work managers' salary10,000 Advertising expense12,500 Finished goods (30.09.21)8,700 Indirect materials4,25,000 Bad debts43,000 Purchase return7,250 Sales for the month9,0001,75,000Power and fuel30,000Work in process (30.09.21)General expenses35,00015,000Bank charges9,500Purchase of raw materials15,000Depreciation on plantsFactory rent & taxes22,0009,10,00050,000Audit feesFinished goods (01.09.21)Packing costDepreciation on office furnitureLegal expense11,000 Raw materials (30.09.21)6,000 Work in process (01.09.21)5,300 Sales commission21,000 Direct expense13,000 Work Stationary15,0009,7006,1004,900Instruction:Prepare a cost sheet of Alfa Company for the month ended September 30, 2021.

cost sheet is a statement prepared to show the cost of production and cost of sales . In the cost…

Answered: Prepare a cost sheet of Alfa Company…

Business

Accounting

Prepare a cost sheet of Alfa Company for the month ended September 30, 2021.

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 41E: Cost of goods sold and related items The following data were extracted from the accounting records...

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Question

b) The following cost and inventory data are collected from the accounting records of Alfa
Company for the month ended September 30, 2021:
Particulars
Taka
Particulars
Taka
Raw materials (01.09.21)
Freight inwards
40,000 Depreciation on delivery van
12,500 Direct labor
60,000 Work managers' salary
10,000 Advertising expense
12,500 Finished goods (30.09.21)
8,700 Indirect materials
4,25,000 Bad debts
43,000 Purchase return
7,250 Sales for the month
9,000
1,75,000
Power and fuel
30,000
Work in process (30.09.21)
General expenses
35,000
15,000
Bank charges
9,500
Purchase of raw materials
15,000
Depreciation on plants
Factory rent & taxes
22,000
9,10,000
50,000
Audit fees
Finished goods (01.09.21)
Packing cost
Depreciation on office furniture
Legal expense
11,000 Raw materials (30.09.21)
6,000 Work in process (01.09.21)
5,300 Sales commission
21,000 Direct expense
13,000 Work Stationary
15,000
9,700
6,100
4,900
Instruction:
Prepare a cost sheet of Alfa Company for the month ended September 30, 2021.

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