You are provided with the cost of goods manufactured statement and income statement for International Manufacturers Pty Ltd.

Required Prepare the closing entries for International Manufacturers Pty Ltd.

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INTERNATIONAL MANUFACTURERS PTY LTD Cost of goods manufactured statement for the year ended 30 June 2025 Direct materials: Beginning raw materials Purchases Freight inwards Ending raw materials Direct materials used Direct labour Factory overhead: Consumables Depreciation expense (plant and equipment) Electricity Indirect labour Insurance Rent of factory Sundry expenses Supplies Total manufacturing costs for the period Beginning work in process Total work in process Ending work in process Cost of goods manufactured $ 53800 155 680 2500 211980 57200 $154 780 398 000 2560 14800 46200 62 800 24000 54 200 3400 7650 215610 768 390 39 200 807 590 40 560 $767 030