The cost department of the Alpha Corporation prepared the following data and costs for the year 1998 jan 01 dec 31 finished goods 48600 ? work in process 81500 42350 materials 34200 49300 depriciation (factory equipment) 21350 intrest earned 6300
Finished goods inventory january 1300 units Dec 420 units all for current year production
Sale during 1999 3880 units at 220 units per unit
Materials Purchased Rs. 364,000 Direct Labour 162,500 Indirect labour 83,400 Freight in 8,600 Miscellaneous factory overhead 47,900 Purchased discount 5,200
Required: (1) The unit cost of the finished goods inventory, December 31 (2) The total cost of the finished goods inventory, December 31 (3) The cost of goods sold (4) The gross profit total and the gross profit per unit