Example 2 - modified At the 1* of March 200x the entity "NOT FOR SALE' Ltd had the following balances of chosen accounts: - bank loans 9 000. The cost allocating sheet for March is presented below: Cost / expense Total Manufacturing costs Administrative Selling costs expenses Materials and energy used 5 250 2 200 50 Salaries and wages 3 000 2 250 750 Other costs by nature 1 500 400 TOTAL 12 000 8 500 3 350 7 500 1 000 100 150 Chosen accounting operations in March: 1. Costs by nature were recorded. 2. The bank informed about calculating interest on loans granted to 'NOT FOR SALE' Ltd. The amount of the interest is 100. 3. 850 units of product "x" were manufactured and taken to the warehouse Manufacturing cost of one unit was calculated at $10. 4. Whole production was sold at $20/unit with deferred payment (invoice). 5. Sold products were delivered to the purchaser. Required: a) Record given accounting operations knowing that costs are classified as costs by nature. b) Calculate (using accounts) profit or loss for the period according to the cost by nature structure. Example 2 - modified At the 1" of March 200x the entity 'NOT FOR SALE' Ltd had the following balances of chosen accounts: - bank loans 9 000. The cost allocating sheet for March is presented below: Cost / expense Total Manufacturing costs Administrative Selling costs expenses Materials and energy used 7500 5 250 2 200 Salaries and wages 3 000 2 250 750 Other costs by nature 1 500 1 000 400 100 TOTAL 12 000 8 500 3 350 150 50 Chosen accounting operations in March: 1. Costs by nature were recorded. 2. The bank informed about calculating interest on loans granted to 'NOT FOR SALE' Ltd. The amount of the interest is 100. 3. 850 units of product "X" were manufactured and taken to the warehouse Manufacturing cost of one unit was calculated at $10. 4. Whole production was sold at $20/unit with deferred payment (invoice). 5. Sold products were delivered to the purchaser. Required: a) Record given accounting operations knowing that: costs are classified as costs by nature. b) Calculate (using accounts) profit or loss for the period according to the cost by nature structure