The financial year end of Mendip Limited is 30 June. At 30 June 2013, the following balances
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The financial year end of Mendip Limited is 30 June. At 30 June 2013, the following balances are available:
(i) The inventory at 30 June 2013 was: raw materials £22,000; finished goods £35,600. (ii) Salaries include £6,700 for directors’ fees. (iii) Depreciation is to be charged at 10% on cost of plant and machinery. Required: Prepare a manufacturing account and income statement for the year ending 30 June 2013.
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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