The listing of the ledger accounts (unadjusted) of Smart Manufacturing Systems Pty Ltd at 30 June 2019 is provided. All ledger balances are normal balances.

Additional information relating to the company is as follows.
1. The inventories as of 30 June 2019 were as follows.

2. On 1 January 2019, the company paid $81 000 for the next 12 months factory rent. Prepaid rent was debited at the time of the transaction.
3. The Machinery and Equipment account consists of $220 500 of factory machinery and $73 500 of office equipment. All machinery and equipment is depreciated using a 7‐year life.
4. Expenses incurred as of year‐end but not yet recorded are: direct labour, $6000; indirect labour, $1800; administrative expenses, $1050.
5. The electricity and gas, rent and insurance costs are related to factory operations.
6. Allow for company income tax expense at 30% of profit before tax.
Required

(a) Prepare a worksheet including a pair of columns for unadjusted trial balance, adjustments, manufacturing, and the financial statements.

(b) Prepare a cost of goods manufactured statement.

(c) Prepare the closing entries.

(d) Calculate the relationship between factory overhead costs and direct labour costs. Using that relationship, calculate the labour and overhead included in the ending inventories if work in process ending inventory contains $3600 of raw materials, and $6000 of raw materials is included in the finished goods inventory.

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SMART MANUFACTURING SYSTEMS PTY LTD Unadjusted List of Accounts as at 30 June 2019 Cash at bank Accounts receivable Finished goods inventory, 1/7/18 Work in process, 1/7/18 Raw materials inventory, 1/7/18 Prepaid rent Machinery and equipment Accumulated depreciation Accounts payable Loan payable Share capital Retained earnings Sales Direct labour Raw materials purchases Indirect labour Factory supplies Electricity and gas Insurance Factory rent Selling and distribution expenses Administrative expenses Interest expense Balance $ 22050 55450 34 500 11250 5550 81 000 294000 52 500 27000 112500 70000 55500 1290000 324000 307 500 106500 27 000 84000 24450 47250 48000 100 500 34 500