These details were taken from the trial balance of Baxit Ltd as at 31 December 20x2.

Additional information:

• Inventory as at 31 December 20x2 was:

• Provide for depreciation for the year:

You are required to:

Prepare the statement of the cost of goods manufactured and the statement of profit or loss & other comprehensive income for the year ended 31 December 20x2.

Transcribed Image Text:

Advertising Sales Carriage in on raw material Inventory, 1 January 20x2: Raw material at cost price Finished goods Work-in-progress (WIP) Stationery Office salaries Cash discount received Plant Sundry debtors Direct labour costs Indirect labour costs Office equipment Raw material purchased Rent of offices Sundry creditors Insurance (non-factory) Carriage on sales Repairs to plant 724 00 99 600 00 3 000 00 5 000 00 10 600 00 1 740 00 260 00 750 00 ****** 2 420 00 34 000 00 6 200 00 11 620 00 6 232 00 6 000 00 48 720 00 1 200 00 60 000 00 200 00 2432 00 156 00