solve the following question..

Paper II 2012

Q.2 Following information related to AADIL manufacturing company for the year ended December 31, 2007:
Direct material (beginning) Rs.50,000
Direct material purchased 300,000
Direct material (ending) 20,000
Direct labor ?
Factory overhead (70% of conversion cost) 140,000
Work in process (ending) ?
Work in process (beginning-30% more than its ending) ?
Cost of goods manufactured is 8/15 of sales ?
Sales revenue (1000 units) 1,500,000
Finished goods (beginning)(25 units) 30,000
Finished goods (ending)(60 units) 80,000
Administrative & general expenses 210,000
Marketing & selling expenses 20,000
REQUIRED: (20)
1. Calculate all missing figures.
2. Prepare statement of cost of goods sold.
3. Income statement for the year ended December 31, 2007.
4. Units manufactured.
5. Per unit cost of goods manufactured.
6. Gross profit per unit sold.