For Martin Shine, produce a manufacturing account for the year ended 31 December 2016 based on the following data.

Additional information:

1 Inventory as at 31 December 2016 was valued as follows:

2 Rent is to be apportioned between the factory and the office in the ratio of 3:1 3 Rent accrued as at 31 December 2016 was valued at £390 4 Factory running costs prepaid as at 31 December 2016 were valued at £190 5 Equipment is to be depreciated using reducing balance at a rate of 20%.

Transcribed Image Text:

Inventory of raw materials as at 1 January 2016 9,890 Inventory of work-in-progress as at 1 January 2016 12,340 Purchases of raw materials 78,500 Carriage inwards on raw materials 123 Returns outwards 1,123 Direct wages Royalties Indirect wages Rent 67,675 1,750 39,500 7,650 Factory running costs 5,490 Equipment at cost 18,900 Provision for depreciation on equipment 5,200