During the year ended 30 June 2019, Beautiful Bottles Pty Ltd incurred the following costs in connection with its production activities.

Required

(a) Calculate the relationship between factory overhead costs and direct labour cost.

(b) Prepare a cost of goods manufactured statement for the year ending 30 June 2019.

(c) Prepare closing entries using the Manufacturing Summary account.

(d) Prepare the general journal entry to close the Manufacturing Summary account.

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Raw materials purchases Factory electricity Indirect labour Direct labour Depreciation on manufacturing equipment Plant rent Supplies used in production Repairs to manufacturing equipment The beginning and ending inventory values were as follows. Beginning inventory Raw materials $28 400 Work in process 52 400 Finished goods 86 500 $390 000 71 000 90 000 82 750 65 000 56 000 23 000 26 000 Ending inventory $23600 62 000 75 000