Question

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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