From the following figures prepare a manufacturing account and the trading account section of the statement of profit or loss so as to show:

(a) Cost of raw materials used in production.

(b) Prime cost.

(c) Production cost of finished goods produced.

(d) Cost of goods sold.

(e) Gross profit.

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Inventory at 1 January 2017: Raw materials 10,500 Goods in course of manufacture (at factory cost) Finished goods 2,400 14,300 Inventory at 31 March 2017: Raw materials 10,200 Goods in course of manufacture (at factory cost) 2,900 Finished goods 13,200 Expenditure during the quarter: Purchases of raw materials 27,200 Factory wages: direct indirect Carriage on purchases of raw materials Rent and business rates of the factory Power Depreciation of machinery Repairs to factory buildings Sundry factory expenses Sales during the quarter 72,600 13,900 700 1,200 2,000 3,900 1,300 900 160,400