This information for June 20x5 is from Zuma (Pty) Ltd:

You are required to:

Prepare the following accounts in the general ledger of Zuma (Pty) Ltd for June 20x5:

1. Raw material inventory. 

2. Factory overhead expenses.

3. Work-in-progress. 

4. Finished goods inventory.

5. Trading account. 

6. Profit and loss account.

Transcribed Image Text:

Direct material purchased on credit Indirect material purchased for cash Direct labour costs incurred Indirect production labour Factory rent Water and electricity Plant depreciation Overhead variance: Favourable Insurance on factory Credit sales Inventory balances for June 20x5 are: Direct raw material Indirect material Work-in-progress Finished goods Other expenses: Selling cost Administrative expenses Opening 40 000 00 1 000 00 22 500 00 00 50 000 50 000 00 1 500 00 25 000 00 2 500 00 1 000 00 3 000 00 5 000 00 250 00 750 00 160 000 00 Closing 20 000 00 600 00 00 00 12 500 24 180 3 000 00 1 000 00