Question: Please include steps and explanations, thank you The balance sheet of the company A as at 01.12.20X1 EQUITY & LIABILITIES 1 500 Shareholders' capital 25

Please include steps and explanations, thank you

Please include steps and explanations, thank you The balance sheet of the

The balance sheet of the company A as at 01.12.20X1 EQUITY & LIABILITIES 1 500 Shareholders' capital 25 000 ASSETS Finished goods (50 units at 30 per unit) Other assets Total assets 24 500 Liabilities 26 000 Total equity & liabilities 1 000 26 000 Accounting operations in December: 1. 100 units of material X were purchased at 12 per unit. Purchase price 1 200 Transport cost 100 2. 200 units of material X were purchased at 13 per unit. Purchase price 2 600 Transport cost 100 3. 200 units of material X were issued to production (work in progress). 4. Salaries were calculated 4 000 (2 man-hours per 1 product, value of 1 man-hour is 10). 5. Production of 200 units was finished (no work in progress). 6. 100 units of finished goods were sold at 35 per unit. Required: Present the financial statement as at the end of December 20x1, taking into account the following accounting policy of company A

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