10.7 Cornelius runs a small factory that manufactures artists' watercolours. He employs two staff. Maisie is engaged full-time in production, whereas Maggie spends 75% of her time in production and the remaining 25% in production planning and general maintenance activities. Cornelius draws up a manufactur¬ ing account monthly. For the month of April 20X1 he has the following relevant balances:

£

Maisie's wages 1 370 Maggie's wages 1 448 Opening stock of raw materials 86 Closing stock of raw materials 77 Purchase of pigments and binders 1 883 Purchase of tins and plastic paint containers 800 Depreciation of paint mixing vats 70 Depreciation of factory building 100 Depreciation of other factory equipment 87 Electricity and gas supply to factory 177 Water rates - factory 97 Cleaning wages 130 Factory insurance 71 Sundry factory expenses 51 Opening work-in-progress 93 Closing work-in-progress 64 Prepare Cornelius's manufacturing account for April 20X1.