11/9/2009 · Opening stock of Finished Goods (5,000 units) 2,30,800 Purchase of Raw Materials 14,05,100 Direct Wages 10,25,000 Packing Cost 3,45,000 Sales (45,000 units) Rs.79,64,000 Closing WIP: Rs. 4,03,000 Prepare a cost sheet assuming that sales are made on the basis of “First-in