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works on cost 50 of wages office on cost 20 on works cost selling on cost 10 of work 619544

The following data relate to the manufacture of a standard product during the month of March 2010:

Raw materials:

Opening stock

30,000

Purchases

70,000

Closing stock

20,000

Wages

1,20,000

Works on cost, 50% of wages; office on cost, 20% on works cost; selling on cost, 10% of works cost; profit, 20% on sales; and number of units produced, 10,000. Prepare a statement showing the total cost and profit.

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