Jean's an things is a factory which makes term clothing. At the end of the accounting year December 32 2009. the following information was available Stock as January 1 2009 Raw materials $33500 Work in Progress $7300 Finished Good $82770 Rent &rates $12300 Machinery at cost $500000 Administrative expenses $25230 Factory wages $135000 Factory salaries $72500 Selling and distribution expense $43820 Purchase of raw materials $247300 Carriage inwards on raw material $1500 Return Outwards $3000 Carriage outwards $1000 Factory insurance $15000 Sales $725650 Stocks at December 31 2009 Raw Materials $13220 Work in Progress $6900 Finished Goods $95240 The following information is provided 1. Machinery is to be depreciate at 25% per annually. 2. Tent and rates are to be shared equally between office and factory 3.Factory insurance is prepaid to March 2010 monthly premiums $1000 Prepare a manufacturing Account for the year ended December 31, 2009 showing clearly . The cost of raw materials consumed . The prime cost .Factory overheads Then prepare the income statement for the year ended December 31, 2009
Jean's an things is a factory which makes term clothing. At the end of the accounting year December 32 2009. the following information was available
Stock as January 1 2009
Raw materials $33500
Work in Progress $7300
Finished Good $82770
Rent &rates $12300
Machinery at cost $500000
Administrative expenses $25230
Factory wages $135000
Factory salaries $72500
Selling and distribution expense $43820
Purchase of raw materials $247300
Carriage inwards on raw material $1500
Return Outwards $3000
Carriage outwards $1000
Factory insurance $15000
Sales $725650
Stocks at December 31 2009
Raw Materials $13220
Work in Progress $6900
Finished Goods $95240
The following information is provided
1. Machinery is to be
2. Tent and rates are to be shared equally between office and factory
3.Factory insurance is prepaid to March 2010 monthly premiums $1000
Prepare a manufacturing Account for the year ended December 31, 2009 showing clearly
. The cost of raw materials consumed
. The prime cost
.Factory
Then prepare the income statement for the year ended December 31, 2009
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