The following data was extracted from the books of H Thompson. Construct the manufacturing account for the

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The following data was extracted from the books of H Thompson. Construct the manufacturing account for the year to 31 December 2010.image text in transcribed

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1 Inventory as at 31 December 2010 were valued as follows:image text in transcribed

2 Insurance was assumed to split between production and non-production expenses equally 3 Factory rent and rates accrued as at 31 December 2010 was £425 4 Factory profit is calculated as 20% of total production costs.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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