These balances were taken from the books of Parrot Elvis as at 30 September 20x6:

You are required to:

1. Prepare the work-in-progress inventory account for the year ended 30 September 20x6.

2. Prepare the trading account for the year ended 30 September 20x6.

3. Prepare the profit and loss account for the year ended 30 September 20x6.

Transcribed Image Text:

Inventory (1 October 20x5) - raw material Inventory (1 October 20x5) - finished goods Sales - raw material Sales - finished goods Railage - inwards (raw material) Railage - outwards Purchases - raw material Factory wages Accumulated depreciation: Plant and machinery Accumulated depreciation: Delivery vehicle Accumulated depreciation: Office furniture and equipment Printing and stationery Advertising Depreciation - all assets Bad debts recovered Discounts allowed for cash General expenses Delivery vehicle expenses Inventory on hand as at 30 September 20x6 was: Raw material Finished goods 98 000 00 122 500 00 600 00 1 649 750 00 15 620 00 12 170 00 784 600 00 365 000 00 65 700 00 4 840 00 1 980 00 3 400 00 9 600 00 82 400 00 1 945 00 6940 00 1 230 00 9 630 00 110 250 00 145 160 00