Following information is available for the month of March relating to manufacturing of a product: Particulars Amount (₹) Cost of Sales 37,51,540…

Following information is available for the month of March relating to manufacturing of a product: Particulars Amount (₹) Cost of Sales 37,51,540 Stock of Raw material as on 01 st March 6,50,000 Direct Wages 11,44,000 Hire charges paid for Plant (indirect expenses) 3,24,740 Salary to office staff 1,78,750 Maintenance of office building 13,000 Depreciation on Delivery van 39,000 Warehousing charges 61,750 Stock of Raw material as on 31 st March 1,95,000 Realisable value on sale of scrap 32,500 Factory overheads are 20% of the Prime cost. FIND OUT the value of Raw Material purchased with the help of Statement of Cost.