The cost particulars of cotton yarn manufactured by a textile mill in April 2026 are as follows: Direct Material: - Cotton Bales: 2,000 kgs @120 per…

The cost particulars of cotton yarn manufactured by a textile mill in April 2026 are as follows: Direct Material: - Cotton Bales: 2,000 kgs @120 per kg - Other materials : 600 kgs @85 per kg Direct Wages: - 75 skilled men @60 per day for 25 days - 40 unskilled men @30 per day for 25 days Direct Expenses: - Hire charge for Special equipment - 9,000 Power and fuel 3,000 Works Overhead 160% of direct wages Administration overhead related with production 45,000 Selling and distribution expenses 37,500 Selling Price per kg of cotton yarn 600 Additional Information: 1,500 kgs. of Cotton yarn was produced.Waste cotton and chemical scrap realized during the manufacturing process amounted to 23,500.There were no opening or closing stocks of raw materials and finished stock. You are required to prepare a cost statement for the month of April 2026 showing: (i) Prime Cost (ii) Net Works Cost (iii) Cost of Production (iv) Cost of Sales (v) Total Profit & Sales