of P. Lucas for the year ended 30 September 2007. Stocks of raw materials, at cost Work in progress Finished goods stock For the year: Raw materials purchased Manufacturing wages Factory expenses Depreciation: Plant and machinery Delivery vans Office equipment Factory power Advertising Office and administration expenses Sales representatives' salaries and expenses Delivery van expenses Sales Carriage inwards 30.9.2006 $ 8,460 3,070 12,380 30.9.2007 $ 10,970 2,460 14,570 $ 38,720 20,970 12,650 7,560 3,040 807 6,120 5,080 5,910 6,420 5,890 134,610 2,720
of P. Lucas for the year ended 30 September 2007. Stocks of raw materials, at cost Work in progress Finished goods stock For the year: Raw materials purchased Manufacturing wages Factory expenses Depreciation: Plant and machinery Delivery vans Office equipment Factory power Advertising Office and administration expenses Sales representatives' salaries and expenses Delivery van expenses Sales Carriage inwards 30.9.2006 $ 8,460 3,070 12,380 30.9.2007 $ 10,970 2,460 14,570 $ 38,720 20,970 12,650 7,560 3,040 807 6,120 5,080 5,910 6,420 5,890 134,610 2,720
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:36.2X From the following details, you are to draw up a manufacturing, trading and profit and loss account
of P. Lucas for the year ended 30 September 2007.
Stocks of raw materials, at cost
Work in progress
Finished goods stock
For the year:
Raw materials purchased
Manufacturing wages
Factory expenses
Depreciation:
Plant and machinery
Delivery vans
Office equipment
Factory power
Advertising
Office and administration expenses
Sales representatives' salaries and expenses
Delivery van expenses
Sales
Carriage inwards
30.9.2006
8,460
3,070
12,380
30.9.2007
10,970
2,460
14,570
$
38,720
20,970
12,650
7,560
3,040
807
6,120
5,080
5,910
6,420
5,890
134,610
2,720
419
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education