HCR Ltd is manufacturing refrigerators. The following details are furnished in respect of its factory operations for the year ended 31-12-2002. Work in Progress 1.1.2002 At Prime Cost Manufacturing Expenses Work in Progress 31.12.2002 At Prime Cost Manufacturing Expenses Opening Stock of Raw Materials Purchase of Raw Material Direct Labour Manufacturing Expenses Closing Stock of Raw Material 61,00020,000 54,000 9,000 81,000 63,000 3,25,000 5,00,000 2,31,000 96,000 2,24,000 On the basis of above data, prepare a statement showing the cost of production. Also indicate separately the amount of manufacturing expenses which enter the cost of production.