Tally Prime Manufacturing Assignment with Question

 

Manufacturing Entries in TallyPrime

(From Purchase to Sales with BOM and Finished Goods)

Company: Medha Furniture Ltd.(Naraina Industrial Area, New Delhi)

Manufactures 

Wooden Tables

Raw Materials: 

Wood Planks, Nails, Glue

Finished Product: 

Wooden Table

Step 1: Create Stock Items

1) Wood Plank – Nos – Raw Material 

2) Nails – Nos – Raw Material

3) Glue – Ltr – Raw Material

4) Wooden Table – Nos – Finished Good

Step 2: Create Bill of Materials for 1 Table (BOM)

Inventory Info → Stock Item → Wooden Table → BOM

BOM Name: Default

Wood Plank – 1 Nos- Component

Nails – 50 Nos- Component

Glue – 2 Ltr- Component

Scrap Wood- 10 kg. -Scrap

Step 3: Purchase Raw Materials

Purchase: (4-4-25)

Supplier: XYZ Suppliers

Wood Plank – 100 Nos @ ₹100 each

Nails – 500 Nos @ ₹1 each

Glue – 20 Ltr @ ₹50 each

Manufacturing Entry: (5-4-25)

Use Manufacturing Journal

Product: Wooden Table – 10 Nos

Auto-fetch from BOM

Add production cost (e.g., ₹500)

Sales: (10-4-25)

Customer: ABC Retailer

Wooden Table – 10 Nos @ ₹5000 each

Question

1. What is the Gross Profit % of the Wooden Table as on 15-4-2025?

a) 94%

b) 95%

c) 91%

d) None of the Above

2. What is the Cost estimate of the Wooden Table as per the Default BOM (Bill of Material)?

a) 200

b) 250

c) 220

d) None of the Above

3. What is Net profit as on 15-4-2025?

a) 47500

b) 47000

c) 47200

d) None of the Above

4. What is amount of Working Capital as on 15-4-2025?

a) 47500

b) 47000

c) 40500

d) None of the Above