Davis is manufacturer. His trial balance at 31/12118 DR Plart Machiney at cost OFFICE equipment at Cost

Davis is manufacturer. His trial balance at 31/12118
 

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DR Plart Machiney at cost OFFICE equipment at Cost Delivery Von ak Cost Receivables CR 100000 75000 92000 67 000 Delivery van expenses 9 000 Sales personnel commission Office salaries and wages 12 800 65 900 Utilities 7 800 Royalties Capital 62 000 188 000 Direct wages 54 000 Cash at bank 98 000 Payables 45 500 Purchases returns - raw materials 5 500 Purchases - raw materials 136 700 Rent and rates 89 000 Inventories at 01 January 2008: Raw materials 38 000 Work in progress Finished goods 3 780 56 000 Loan 141 380 Indirect wages 63 400 Sales 550 000 930 380 930 380 Additional Information Inventory at 31 December 2018: Raw materials a) 70 000 Work in progress Finished goods 6 500 64 500 b) P31,000 is owed for rent and rates at the year end c) Expenses are apportioned as follows: Factory Office Rent and rates 60% 40% Utilities 3/4 1/4 Depreciation is to be provided for as follows, using the reducing balance method: Plant and machinery Office equipment Delivery van d) 10% 15% 25% You are required to prepare the following accounts: a) Manufacturing account for the year ended 31 December 2018. DR Plart Machiney at cost OFFICE equipment at Cost Delivery Von ak Cost Receivables CR 100000 75000 92000 67 000 Delivery van expenses 9 000 Sales personnel commission Office salaries and wages 12 800 65 900 Utilities 7 800 Royalties Capital 62 000 188 000 Direct wages 54 000 Cash at bank 98 000 Payables 45 500 Purchases returns - raw materials 5 500 Purchases - raw materials 136 700 Rent and rates 89 000 Inventories at 01 January 2008: Raw materials 38 000 Work in progress Finished goods 3 780 56 000 Loan 141 380 Indirect wages 63 400 Sales 550 000 930 380 930 380 Additional Information Inventory at 31 December 2018: Raw materials a) 70 000 Work in progress Finished goods 6 500 64 500 b) P31,000 is owed for rent and rates at the year end c) Expenses are apportioned as follows: Factory Office Rent and rates 60% 40% Utilities 3/4 1/4 Depreciation is to be provided for as follows, using the reducing balance method: Plant and machinery Office equipment Delivery van d) 10% 15% 25% You are required to prepare the following accounts: a) Manufacturing account for the year ended 31 December 2018.