The Following Trail Balance has been extracted from the books of ABC Company on December 31st, 2018:

 Descriptions

 Debit 

 Descriptions

 Debit 

 Rs.

 Rs. 

 Cash

           28,200

 Notes Payable

3,200

 Accounts Receivable

          41,000

 Accounts Payable

     12,350

 Notes Receivable

          23,000

 Taxes Payable

       1,500

 Material (1-1-2018)

     31,800

 Rent Payable

       1,020

 Work in Process (1-1-2018)

            4,000

 Dividend Payable

          500

 Finished Goods (1-1–2018)

          11,700

 Sales

    135,000

 Prepaid Insurance

               200

 Common Stock

    110,000

 Machinery & Equipment

          93,500

 Retained Earnings

     34,570

 Purchased of Material

          16,000

 Accumulated Depreciation

     20,000

 Carriage inward

               520

 Direct Labor

          33,000

 Indirect Material

            8,520

 Indirect Labor

            5,580

 Depreciation – Factory

            5,400

 Utility – Factory

            6,500

 Carriage outward

               460

 Advertising

               175

 Salesmen Salary

               565

 Foreman Salary

            7,000

 Administrative Cost

            1,020

        318,140

   318,140

 Inventories at December 31st, 2018

 Rs.

 Material

            3,520

 Work in Process

            2,500

 Finished Goods 

          10,000

 Note: The factory overhead cost applied at the rate of 100% of direct labor cost. 

 The actual FOH cost incurred during the period Rs. 31,480.

 Required

 a) Statement of Cost of Goods Manufactured at December 31st, 2018. 

 b) Statement of Profit or Loss for the year ended December 31st, 2018.