The following are relevant transactions of XYZ manufacturing company.

Details	Amount ($)
Raw material purchase from suppliers	11.89.000
Wages paid to productive workers	52.500
Raw material stock (1-1-19)	95.000
Raw material stock (31-12-19)	91.500
Finished product stock (1-1-19)	84.000
Finished product stock(31-12-19)	71.000
Work in progress(1-1-19)	48.000
Stock of work in progress(31-12-19)	45.000
selling expense	11.400
Repair and maintenance	18.000
Sales to customers	32.11.000
freight	21.000
Factory rent and electricity	2.15.000
turn out	9.000
Wages paid for unproductive labor	53.750
supply	24.000
Depreciation of plant and machinery	31.500
Direct chargeable expense	21.500
Miscellaneous factory expenses	1.10.000
Seller's salaries and commission	36.500
introversion	11.500
discount to suppliers	10.000
office rent	22.500
Miscellaneous office expenses	16.500
advertising expense	23.500
export	12.500

Necessary:

(a) Prepare three statements

1. Cost of goods sold table
2. Cost sales table
3. income statement

Answer rating: 100% (QA)

To prepare the three statements we need to organize the given transactions into relevant categories ... View the full answer