Question: The following balances have been extracted from the books of the

The following balances have been extracted from the books of the David and Peter Manufacturing Company as at 30 April 2011:
£000
Direct wages ............... 70
Factory equipment: at cost ........... 360
General factory expenses ........... 13
Heat and light (factory ¾; general ¼) ....... 52
Purchases of raw materials ........... 100
Stocks at 1 May 2010:
Raw material ............... 12
Work-in-progress .............. 18
Rent and rates (factory 2/3; general 1/3) ...... 42
Additional information:
1. Stocks at 30 April 2011: ....... £000
Raw material ............. 14
Work-in-progress ........... 16
2. The factory equipment is to be depreciated at a rate of 15 per cent per annum on cost.

Required:
Prepare the David and Peter Manufacturing Company’s manufacturing account for the year to 30 April 2011.


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  • CreatedAugust 06, 2012
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