Required: Record all transactions in appropriate T-accounts (cost by function), close all accounts and prepare the income statement.

a) The company received and paid by cash an invoice for storage of finished products; value 100

b) The company recorded depreciation of equipment used by marketing department; value 500

c) The company recorded a value of 25000 of not completed goods for the month

d) the company sold 100 units of traded goods at a price 9 per unit