W. Wagner, a manufacturer, provided the following information for the year ended 31 August 20X3:

........................................................................................ £

Inventories at 1 September 20X2

- Row materials ............................................. 25,000

- Work-in-progress......................................... 15,900

- Finished goods ........................................... 26,600

Row materials purchased ................................ 176,600

Factory general expenses ................................. 14,800

Direct wages ................................................ 86,900

Repairs to plant and machinery ............................ 9,900

Factory lighting and heating .............................. 20,010

Carriage inwards ............................................. 1,910

Carriage outwards .......................................... 2,500

Sales revenue.............................................. 320,000

Raw materials returned ..................................... 7.800

Factory maintenance wages .............................. 19.000

Administrative expenses .................................. 30,000

Selling and distribution expenses ....................... 15,100

Plant and machinery at cost ............................ 178,000

Freehold land and buildings at cost ................... 160,000

Provision for depreciation on plant

and machinery (1/9/X2) ....................................80,000

Additional information

1. Amounts owing at 31 August 20X3:

.................................................. £

Direct wages ............................... 4,800

Factory heating and lighting ............ 1,500

2. Depreciation on plant and machinery is to be provided at 10 per cent per annum on cost. There were no sales or purchases of plant and machinery during the year.

3. All manufactured goods are transferred to the warehouse at factory cost plus 10 per cent.

4. Inventories at 31 August 20X3:

.............................................................. £

Raw materials ........................... 30,000

Work in progress ....................... 17,800

Finished goods.......................... 35,090

The raw materials are valued at cost, the work-in-progress at factory cost, while the inventory of finished goods is valued at the factory transfer price.

Required

a. A manufacturing account for the year ended 31 August 20X3.

b. A statement of profit and loss for the year ended 31 August 20X3?