Do not give solution in image formet Direct expensesCommission receivedReturn inwardsAdditional information:..CStock on hand at the end of the year was as follows:Work in progress15,500Finished goods41,000BuildingFactory machineryElectricityDepreciation - buildingExpenses are to be apportioned as follows:13,5001,879,080Adjustments are to be made to the following items of expenses and revenue:ElectricityPrepaid by 8,000CommissionOwing by 7,200Fixed assets are to be depreciated as follows:10% straight line8% reducing balanceTIC TOILU.J.JJFactory65%80%Office35%20%39,7001,879,080•The goods produced are to be marked up by 15% before transfer•Round all decimals (if any) to the nearest whole numberREQUIRED:Prepare the entity's manufacturing account andstatement of profit or loss.( IntraTech, a phone accessories manufacturer,presented you with the following financialinformation for the year ending March 31, 2023:Office salariesProvision for unrealised profitsDebtorsPurchases of other finished goodsCreditorsBuildingFactory machineryProvision for depreciation:BuildingFactory machineryLoanBankOpening stock of work in progressOpening stock of finished goodsCapitalDrawingsElectricitySalesDirect materialsDirect expensesCommission receivedReturn inwards.54,300ElectricityCommission107,15082,450936,000218,000Building10% straight lineFactory machinery 8% reducing balanceExpenses are to be apportioned as follows:54,20033,30033,40022,600Additional information:• Stock on hand at the end of the year was as follows:Work in progress15,500Finished goods41,000236,68087,50013,5001,879,080mas8,10089,900225,000106,000134,80022,380198,0001,055,200Adjustments are to be made to the following items of expenses and revenue:Prepaid by 8,000Owing by 7,200• Fixed assets are to be depreciated as follows:39,7001,879,080(

The manufacturing account is the record that keeps record of cost of production, it calculate the…

Work in progress Finished goods • Adjustments are to be made to the following items of expenses and revenue: . Electricity Commission 15,500 41,000 Prepaid by 8,000 Owing by 7,200 . Fixed assets are to be depreciated as follows: Building Factory machinery 10% straight line 8% reducing balance Expenses are to be apportioned as follows: Electricity Depreciation - building Factory 65% 80% Office 35% 20% • The goods produced are to be marked up by 15% before transfer Round all decimals (if any) to the nearest whole number REQUIRED: Prepare the entity's manufacturing account and statement of profit or loss.