Unit 30 - Manufacturing Accounts Q. 30/3 A manufacturer, Caruana & Co. who makes wooden frames gives you the following information relating to the year ended 30th June 2006 and asks you to draw up a Manufacturing and Income Statement for that year. Inventory at 1st July 2005 Raw materials Partly finished goods Finished goods Inventory at 30th June 2006 Raw materials € 6,780 1,680 3,567 5,872 Partly finished goods 1,967 Finished goods 4,800 Factory Electricity 2,076 Factory Machinery - Written Down Value 6,800 Purchases of raw materials ✓ 20,890 Returns outwards of raw materials 230 Machinery repairs 456 Direct Wages ✓ Factory cleaner's wages ✓ 35,807 Carriage inwards on raw materials 3,890 Sales of finished goods 241 125,000 Depreciation is at the rate of 25% per annum on written down value.

Unit 30 - Manufacturing Accounts Q. 30/3 A manufacturer, Caruana & Co. who makes wooden frames gives you the following information relating to the year ended 30th June 2006 and asks you to draw up a Manufacturing and Income Statement for that year. Inventory at 1st July 2005 Raw materials Partly finished goods Finished goods Inventory at 30th June 2006 Raw materials € 6,780 1,680 3,567 5,872 Partly finished goods 1,967 Finished goods 4,800 Factory Electricity 2,076 Factory Machinery - Written Down Value 6,800 Purchases of raw materials ✓ 20,890 Returns outwards of raw materials 230 Machinery repairs 456 Direct Wages ✓ Factory cleaner's wages ✓ 35,807 Carriage inwards on raw materials 3,890 Sales of finished goods 241 125,000 Depreciation is at the rate of 25% per annum on written down value.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter27: Adjustments, Financial Statements, And Year-end Accounting For A Manufacturing business

Section: Chapter Questions

Problem 1MP: Reese Manufacturing Company manufactures and sells a limited line of products made to customer...

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3 Chapter : Manufacturing Accounting
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