From the following information, draw up a manufacturing account and the income statement for the six months ending 30 September 2019 for Kilifi Enterprises.  You should show clearly:

Cost of raw materials consumed
Prime cost of production
Production cost of finished goods
Inventory, 1 April 2019:                                                

            Raw materials                                                     2,990               

             Work-in-progress                                            3,900

Finished goods                                                             15,300

Inventory, 30 September 2019:

          Raw materials                                                                     4,200

           Work-in-progress                                                            3,600

           Purchases of raw materials                                    15,630

Carriage on raw materials                                                        126

Direct wages                                                                              48,648

Factory general expenses                                                     7,048

Depreciation of factory equipment                              4,200 

Rent & rates (factory three-quarters, office one-quarter)    2,800

Answer rating: 100% (QA)

Kilifi Enterprises Manufacturing Account for the month ... View the full answer