The following balances were extracted from the books of Lenga Ltd. For the year ended 31" March 2019 Land and Buildings Plant at cost Office equipment at cost Inventories (1" April 2018) Shs. 1,100,000 500,000 150,000 50,000 65,200 46,520 180,878 8,920 168,416 66,838 2,000 10,000 8,840 637,244 16,240 Raw Materials Work in Progress Finished Goods Purchase of raw material Carriage of raw materials Production wages Office Salaries Direct expenses Rent Expense Office electricity Sales Factory electricity Depreciation expense Plant 20,400 4,600 Office equipment Additional Information 1. Rent is to be apportioned as follows; Factory 75%, Office 25% 2. Inventories were valued on 31" March 2019 as follows; Raw materials Ksh 59,800 Work in Progress Ksh 52,200 Finished Goods Ksh 57,680 Required; Manufacturing account and Income statement for the year ended 31" March 2019

The following balances were extracted from the books of Lenga Ltd. For the year ended 31" March 2019 Land and Buildings Plant at cost Office equipment at cost Inventories (1" April 2018) Shs. 1,100,000 500,000 150,000 50,000 65,200 46,520 180,878 8,920 168,416 66,838 2,000 10,000 8,840 637,244 16,240 Raw Materials Work in Progress Finished Goods Purchase of raw material Carriage of raw materials Production wages Office Salaries Direct expenses Rent Expense Office electricity Sales Factory electricity Depreciation expense Plant 20,400 4,600 Office equipment Additional Information 1. Rent is to be apportioned as follows; Factory 75%, Office 25% 2. Inventories were valued on 31" March 2019 as follows; Raw materials Ksh 59,800 Work in Progress Ksh 52,200 Finished Goods Ksh 57,680 Required; Manufacturing account and Income statement for the year ended 31" March 2019

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject :- Accounting
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