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.

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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