The unadjusted trial balance of Innovative Computers Pty Ltd on 30 June 2025 is presented below.

The following additional information is available.
1. The inventories as of 30 June 2025 were as follows.

2.    The Machinery and Equipment account comprises \($250\) 000 of factory machinery and the balance of office equipment. All machinery and equipment is depreciated using the straight-line method over an 8-year life. There were no plant and equipment acquisitions or disposals during the accounting period.
3.    On 1 May 2025, the company paid \($12\) 000 for 12 months insurance cover on the factory. Prepaid Insurance was debited at the time of the transaction.
4.    Accrued expenses at year-end but not yet recorded: direct labour, \($10\) 000; indirect labour, \($3500;\) selling and distribution expenses, \($20\) 000.
5.    All electricity, rent, rates and taxes, and insurance are charged to factory operations.
6.    An additional stationery expense payable of \($1500\) is to be recorded and treated as an administrative expense. No invoice has been received.
7.    Ignore income tax.

Required

(a) Prepare a worksheet including pairs of columns for unadjusted trial balance, adjustments, manufacturing, and the financial statements.

(b) Prepare a cost of goods manufactured statement for the year ended 30 June 2025.

(c) Prepare the closing entries assuming use of a Manufacturing Summary account.

(d) Calculate the relationship between overhead and direct labour costs. Using that relationship, calculate the labour and overhead included in the ending inventories if work in process ending inventory contains \($25\) 000 of raw materials and \($38\) 000 of raw materials is included in the finished goods ending inventory.

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INNOVATIVE COMPUTERS PTY LTD Unadjusted trial balance as at 30 June 2025 Cash at bank Trade debtors Finished goods inventory, 1/7/2024 Work in process, 1/7/2024 Raw materials inventory, 1/7/2024 Prepaid insurance Machinery and equipment Accumulated depreciation - machinery and equipment Trade creditors Loan payable Share capital Retained earnings Sales Purchases raw materials Direct labour Indirect labour Factory supplies Electricity Rent Insurance Rates and taxes Selling and distribution expenses Administrative and office expenses Sales commissions Interest expense Debit $ 60.000 85120 145 000 80 000 37 500 12000 400 000 1 645 000 420 000 Credit $ 140000 83750 120000 300 000 98780 3513600 105 000 140 700 102250 180 000 80600 37 500 154 500 210000 351 360 9600 $4256 130 $4256130