The following data was available for Sax Ltd:

It is company policy to transfer goods from the manufacturing account to the statement of comprehensive income at cost plus 40%.
The provision for unrealised profit on unsold inventory as at 1 April 2012 amounted to £7,040.
Produce the ledger account for provision for unrealised profit on unsold inventory.

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Inventory of finished goods as at 1 April 2012 Inventory of finished goods as at 31 March 2013 24,640 22,890