From the following particulars of a manufacturing firm, prepare the Cost Sheet showing (i) Prime Cost, (ii) Works Cost, (iii) Cost of Production, and (iv) Cost of Sales.

To prepare the Cost Sheet and calculate the Prime Cost, Works Cost, Cost of Production, and Cost of Sales, we need to consider the various elements of costs involved in the manufacturing process. Let's break down the given information and calculate each cost component step by step:

Given Information:

1. Stock of materials on 1.1.2018: Rs. 40,000
2. Purchase of Materials: Rs. 11,00,000
3. Stock of finished goods on 1.1.2018 (5,000 units): Rs. 50,000
4. Productive wages: Rs. 5,00,000
5. Finished goods sold (1,74,000 units): Rs. 24,36,000
6. Works overheads: Rs. 1,50,000
7. Office expenses: Rs. 1,00,000
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