Question: Please help!!! Question No.4 (20 points) The following balances have been extracted from the books of the ABC Manufacturing Company as at 31 December 2019:
Question No.4 (20 points) The following balances have been extracted from the books of the ABC Manufacturing Company as at 31 December 2019: USS 100,000 450,000 12.000 40,000 120,000 Direct wages Factory equipment: at cost General factory expenses Heating and lighting (factory 1/2, general 1/2) Purchases of raw materials Inventory at 1 January 2019 Raw material Work-in-progress Rent and rates (factory 3/4, general 1/4) Additional information Inventory at 31 December 2019 Raw material Work-in-progress The factory equipment is to be depreciated at a rate of 20 percent per annum on cost. 15,000 30,000 35,000 25,000 22,000 Required Prepare the ABC Manufacturing Company's manufacturing account for the year to 31 December 2019
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