Jordan Company produced 150,000 floor lamps during the past calendar year. In the current year, the company sold 141,00 0 lamps at a price of $50 each. Jordan's accounting records provide the...

Jordan Company produced 150,000 floor lamps
during the past calendar year.
In the current year, the company sold
141,00
0 lamps at a price of
$50 each. Jordan's accounting records provide the following
information for the past year.

Purchases of direct material

PKR
1,675,000

Direct materials inventory, January 1

380,000

Direct materials inventory, December 31

327,000

Direct
Labour

2,000,000

Indirect
Labour

790,000

Depreciation;

Building (15% Office, 85% Factory)

1,100,000

Equipment (25% Office, 75% Factory)

630,000

Property taxes on the factory

62,000

Utilities, factory

150,000

Insurance on the factory

200,000

Research and development

120,000

Salary, sales supervisor

85,000

Commissions, salespersons

370,000

General administration

390,000

Work in process, inventory January 1

450,000

Work in process inventory, December 31

750,000

Finished goods inventory, January 1

107,500

Finished goods inventory, December 31

489,000