The following balances have been extracted from the books of Spinners & Co. at 31 December 2003.

Further information 

1. Stocks at 31 December 2003:

2. Expenses owing at 31 December 2003:

3. Expenses prepaid at 31 December 2003:

4. Plant and machinery are to be depreciated at the rate of 10% on cost. 

5. A factory profit of 10% is added to the factory cost of goods produced.

Required 

Prepare the Manufacturing Account for the year ended 31 December 2003.

Transcribed Image Text:

Stocks at 1 January 2003: AL mort beyoteruu shoog bori Raw materials Work in progressat to estque pro Factory expenses crismesi ali youyou wisho wirsteinimbs Direct wages og od bitrate is 40 000 Indirect wages 28 000 Namibie Patent fees paid to patent holder 16 000 5 000 14 000 6 000 140 000 70.000 Heating and lighting General factory expenses Insurance of plant and machinery Purchases of raw materials Plant and machinery at cost 0Mbres 8 000 bet 12 000 In