Self-test Nufashion Manufacturing Trial balance at 30 April 2010 Debit Credit Factory machinery at cost 53,000 Factory machinery depreciation 1 May 09 5,000 Office equipment 6,000 Office equipment depreciation 1 May 09 1,200 Debtors and creditors 25,000 19,000 Cash at bank 3,800 Loan due 30 April 2012 21,000 Stock of: raw materials 1 May 2009 5,000 work in progress 12,200 finished goods 17,000 Carriage inwards 3,200 Carriage outwards 1,500 Purchases – raw materials 106,000 Electricity and heat 5,000 Rent and rates 8,000 Direct factory wages 30,000 Office wages 8,200 Sales commission 3,400 Sale of finished goods 215,000 Capital account 47,000 Drawings 20,900 308,200 308,200 Notes to the information above:

(i) At 30 April 2010, direct factory wages accrued amounted to £900 and office wages accrued were £400.

(ii) The rent and rates account includes £1,200 paid on 20 January 2010, for the period 1 January to 30 June 2010.

(iii) Records showed that, at the year end, stock values were as follows: raw materials £9,400; work in progress £22,000; finished goods £13,000.

(iv) Depreciation for factory machinery is on the straight line method over ten years, and office equipment on the reducing balance method at 25 per cent p.a.

(v) A provision of £3,000 should be made for doubtful debts.
(vi) Electricity and heat should be apportioned between the factory and office in the ratio 3:2 respectively and rent and rates in the ratio 3:1 respectively.
You are required to prepare manufacturing, trading, and profit and loss accounts for the year ended 30 April 2010 and a balance sheet at that date.