Question 24
Consider the following data for a production run: Opening Raw Materials Rs.50,000, Purchases Rs.4,50,000, Closing Raw Materials Rs. 1,00,000, Direct Labor Rs.1,50,000, and Factory-specific expenses (Indirect Wages and Rent) totaling Rs.1,00,000. Calculate the total Works Cost (Factory Cost).
Rs.5,50,000
Rs.4,00,000
Rs.6,50,000
Rs.7,50,000