From the following balances extracted at March 31, 1998, prepare accounts in such a form as...

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From the following balances extracted at March 31, 1998, prepare accounts in such a form as to disclose (a) cost of material consumed. (b) prime cost, (e) works cost. (d) gross profit on manufacture and (e) gross profit on sales: Stock on 1st April, 1997. Raw Material Manufactured Goods Depreciation of Plant Printing & Stationery Discount allowed Purchases: Raw Materials Manufactured goods Repairs to Machinery Office rent and rates Coal used Carriage Inwards on raw materials Office salaries Carriage Outwards General expenses Factory rent, taxes etc. Manufacturing wages Travelling expenses Sales Additional Information: (i) (iii) $ 6,000 19,500 26,000 1,850 750 1,74,500 25,480 5,000 12,000 11,500 4,600 18,800 7,200 6,340 4,520 2,18,000 5,800 6,00,000 Stock on March 31, 1998: Manufactured goods $ 55,800 (all stock from goods supplied from manufacturing department); and raw materials $ 4,000, Goods manufactured are supplied by the manufacturing department at current sales price $ 5,43,000. Stock of finished goods as at April 1. 1997, belonged to that category of goods which were purchased from the open market. From the following balances extracted at March 31, 1998, prepare accounts in such a form as to disclose (a) cost of material consumed. (b) prime cost, (e) works cost. (d) gross profit on manufacture and (e) gross profit on sales: Stock on 1st April, 1997. Raw Material Manufactured Goods Depreciation of Plant Printing & Stationery Discount allowed Purchases: Raw Materials Manufactured goods Repairs to Machinery Office rent and rates Coal used Carriage Inwards on raw materials Office salaries Carriage Outwards General expenses Factory rent, taxes etc. Manufacturing wages Travelling expenses Sales Additional Information: (i) (iii) $ 6,000 19,500 26,000 1,850 750 1,74,500 25,480 5,000 12,000 11,500 4,600 18,800 7,200 6,340 4,520 2,18,000 5,800 6,00,000 Stock on March 31, 1998: Manufactured goods $ 55,800 (all stock from goods supplied from manufacturing department); and raw materials $ 4,000, Goods manufactured are supplied by the manufacturing department at current sales price $ 5,43,000. Stock of finished goods as at April 1. 1997, belonged to that category of goods which were purchased from the open market.

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