question archive a Manufacturing, Income Statement and Statement of Financial Po for the year ending December 31, 2009 from the following trial balance: Trial Balance as at December 31
a Manufacturing, Income Statement and Statement of Financial Po for the year ending December 31, 2009 from the following trial balance: Trial Balance as at December 31
Subject:BusinessPrice: Bought3
a Manufacturing, Income Statement and Statement of Financial Po for the year ending December 31, 2009 from the following trial balance: Trial Balance as at December 31. 2009 725,550 hinery ment 180,000 15,000 ittings 34,500 Jan 1: Raw materials 69,000 79,500 21,450 Work in progress Finished goods 129,375 920,400 f raw materials shed goods 2,899,065 ct wages 1,239,750 171,225 rect wages ve salaries taff salaries 101,430 118,800 300,000 59,100 17,775 14,400 er heating wards 1,275 ards wed tage & telephone Cect expenses enses 3,510 5,430 13,125 9,315 61,980 55,260 214,500 256,950 ank 45,465 3,881,565 3,881,565 mation: ing and heating thus: 40% factory, 40% showroom, and 20% administrat ion: 75% factory, 12.5% showroom and administration each. on-current assets as follows: plant and machinery 20%, office equipment cles 25%. es outstanding: direct GH¢21,450, indirect c2,940. tory (December 31) were valued at: Raw materials GH¢87,750 Work in process GH¢20,475 Finished goods GH¢119,325. he following information, draw up a manufacturing account and the tra ccount section of the income statement for the six months ending 30 Se er, 2012. You should show clearly: f raw materials consumed cost of production cost of production oduction cost 1 April 2012: GHC materials 2,990 in-progress 3,900 ed goods 15,300 -, 30 September 2012: materials 4,200 in-progress 3,600 ed goods 17,700 e of raw materials 15,630 on raw materials 126 ages 48,648 general expenses 7,048 alaries 22,200 ition of office furniture 420 outwards 191 ing 1,472 ts 200 SS returns scrap t received ition of factory equipment business rates (factory three-quarters, office one-q 112,410 1,317 188 4,200 2,800 wing balances were extracted from the books of Flash Manufacturing En On July 31, 2015. gust 1, 2014: Raw Materials Work-in-progress Finished goods aw materials materials GHC 46,000 29,000 79,000 149,000 11,000 22,000 33,000 17,000 11,000 6,000 12,000 14,000 18,200 80,000 sor's salary rds es es ninery 5 btful debts 1/8/2014 preciation: plant and machinery 100,000 40,000 8,000 16,000 16,000 300,000 20,000 ation: ry at July 31,2015 were valued as follows: materials GH¢14,000 k-in-progress GH¢20,000 shed goods GH¢60,000 d rates and insurance are to be apportioned as follows: Factory 60% Office 40% ates 80% 20% ation is to provided for as follows: machinery (used in factory) 10% per annum on reducing balance basis vehicles 20% using straight line method. ubtful debts provision is to be made equal to 5% of trade receivables. o prepare the manufacturing, and income statements for the year ende
