The following data were taken from the records of Manik Manufacturing Ltd for the year ended 30 June 2019.

Required

(a) Prepare the cost of goods manufactured schedule for the year ended 30 June 2019.

(b) Prepare an income statement for the year ended 30 June 2019 as far as gross profit.

(c) Prepare the current assets section of the balance sheet as at 30 June 2019.

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Raw materials inventory, 1/7/18 Raw materials inventory, 30/6/19 Finished goods inventory, 1/7/18 Finished goods inventory, 30/6/19 Work in process inventory, 1/7/18 Work in process inventory, 30/6/19 Direct labour Indirect labour $ 80000 88 400 170000 145600 Freight-in on raw materials purchased Factory utilities Office utilities expense Sales Plant manager's salary Factory rent Factory repairs 19000 Sales discounts 16000 290200 38 200 54000 Raw materials purchases Factory insurance 10800 Cash Factory machinery depreciation 15 400 Accounts receivable $ 7800 31.800 17200 990000 7000 80000 122000 1600 129 200 56000