Solution-Prepare the manufacturing for the year

Prepare the manufacturing for the year

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Reference no: EM132459350

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Problem 1: Prepare the manufacturing for the year ended 31 December 2016.

Problem 2: Prepare the income statement for the year ended 31 December 2016.

ILK

Purchases of raw materials

320,000

Fuel and light

31.000

Administration salaries

22,000

Factory direct wages

40,000

Carriage outwends for finished goods

3.000

Rent and business rates

24,000

450.000

Returns inwend

5,000

General office expenses

6.000

Reppin to plant and machinery

5.000

Inventory at 1 January 2013:
Row materials, Work-in-progress, Finished goods

25,000 13,000 25 000

Sundry Accounts payable

32,000

62.000

Freehold premises

450,000

Plant and machinery

90,000

Accounts receivable

30,000

Accumulated depreciation on plant and

12,000

Cash in hand

15000

1,105,000

1106000

Reference no: EM132459350

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Prepare the manufacturing for the year

Reference no: EM132459350

Reference no: EM132459350

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