Prepare manufacturing, trading and profit and loss accounts from the following balances of T Jackson for the year ended 31 December 19X7.

Rent is to be apportioned: Factory²₃; Office¹/₃. Stocks at 31 December 19X7 were: Raw materials £20,210, Work in progress £17,390, Finished goods £21,485.

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Stocks at 1 January 19X7: Raw materials Work in progress Finished goods 18,450 23,600 17,470 Purchases: Raw materials 64,300 Carriage on raw materials 1,605 Direct labour 65,810 Office salaries 16,920 Rent 2,700 Office lighting and heating 5,760 Depreciation: Works machinery 8,300 Office equipment 1,950 Sales 200,600 Factory fuel and power 5,920