3. E. Wilson is a manufacturer. His trial balance at 31 December 2018 is as follows: Inventory of raw materials 01.01.2018 Inventory of finished goods 01.01.2018 Work-in-progress 01.01.2018 Wages: Direct Indirect Royalties Carriage on raw materials Purchases of raw materials Productive machinery (cost $280,000) Administration computers (cost $20,000) General expenses: Factory Lighting Factory Power Administration salaries Sales reps' salaries Commission on sales Rent Insurance General Administration expenses Bank charges Discounts allowed Carriage outwards Sales Accounts receivable Accounts payable Bank Cash Drawings Capital as at 01.01.2018 DR $ 21,000 38,900 13,500 180,000 145,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 142,300 16,800 1,500 60,000 1,421,800 CR $ 1,000,000 64,000 357,800 1,421,800 Prepare the manufacturing account and statement of profit or loss for the year ending 31 December 2018 and a statement of financial position as at that date. Give effect to the following adjustments: 1. Inventory of raw materials $24,000; inventory of finished goods $40,000; work-in- progress $15,000. 2. Lighting, rent and insurance are to be apportioned: factory 5/6, administration 1/6. 3. Depreciation on productive machinery and administration computers at 10 per cent per annum on cost.

3. E. Wilson is a manufacturer. His trial balance at 31 December 2018 is as follows: DR CR S 00,000 64,000 57,800 +21,800 Prepare the manufacturing account and statement of profit or loss for the year ending 31 December 2018 and a statement of financial position as at that date. Give effect to the following adjustments: 1. Inventory of raw materials $24,000; inventory of finished goods $40,000; work-inprogress $15,000. 2. Lighting, rent and insurance are to be apportioned: factory 5/6, administration 1/6. 3. Depreciation on productive machinery and administration computers at 10 per cent per annum on cost. 3. E. Wilson is a manufacturer. His trial balance at 31 December 2018 is as follows: DR CR S 00,000 64,000 57,800 +21,800 Prepare the manufacturing account and statement of profit or loss for the year ending 31 December 2018 and a statement of financial position as at that date. Give effect to the following adjustments: 1. Inventory of raw materials $24,000; inventory of finished goods $40,000; work-inprogress $15,000. 2. Lighting, rent and insurance are to be apportioned: factory 5/6, administration 1/6. 3. Depreciation on productive machinery and administration computers at 10 per cent per annum on cost