Kingsdown Doors Ltd has been manufacturing doors for many years. The following information relates to the year ended 30 June 2014. 

Additional information: 

Inventories at 30 June 2 014 were: raw materials $24,500; finished goods $37,600. 

Prepare a manufacturing account for the year ended 30 June 2014 for Kingsdown Doors Ltd, showing clearly: 

• The cost of raw materials consumed 

• The prime cost 

• Total factory overheads 

• The cost of production.

Transcribed Image Text:

Inventories at 1 July 2013 raw materials 26 000 finished goods 35 000 Factory wages 130 500 Factory supervisor's wages 22 500 Purchases of raw materials 132 000 Factory depreciation 12 000 Returns outwards of raw materials 2 300 Camiage inwards on raw materials 1600 Factory heating and lighting 14 600