Homework Help is Here – Start Your Trial Now!
Business
Accounting
T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Direct labour Raw material Finished goods Office salaries Utilities Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% S 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15.000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000

T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Direct labour Raw material Finished goods Office salaries Utilities Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% S 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15.000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Topic Video
Question

Prepare the manufacturing trading on profit and loss account of T. Terreloung manufacturing for the year ended April 20, 2008. cost must be clearly identified prepare the manufacturing trading on profit and loss account. calculate the unit of items produced if 25,000. units were produced during the period.

Please avoid image based solutions thnx

T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Finished goods Direct labour Office salaries Utilities Raw material Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15 000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000
Transcribed Image Text:T. Terrelounge Manufacturing had the following balances as at April 30, 2008. Inventory (Stock) at May 1, 2007 Raw material Work in progress Finished goods Purchases: Raw material Finished goods Carriage inwards: Carriage outwards: Finished goods Direct labour Office salaries Utilities Raw material Depreciation factory equipment Depreciation office equipment Rent Sales Inventory (Stock) at April 30, 2008 Raw material Work in progress Finished goods Overheads are to be apportioned as follows: Utilities: Rent: factory 70%; office 30% factory 50%: office 50% 36 520 45 920 36 200 130 720 50 600 3 600 2 400 134 600 34 800 15 000 IS 800 5 400 29 000 500 000 39 000 33 800 47 000
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
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
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS