5 Wages incurred were analysed to functions as follows: 6 Production overhead absorbed in the period by Department A was R110,000 and by Department B R120,000. 7 The production facilities, when not in use, were patrolled by guards from a security firm and R26,000 was owing for this service. R39,000 was also owed to a firm of management consultants which advises on production procedures; invoices for these two services are to be entered into the accounts. 8 The cost of finished goods completed was: 9 Sales on credit were R870,000 and the cost of those sales was R700,000. 10 Depreciation of productive plant and equipment was R15,000. 11 Cash received from debtors totalled R520,000. 12 Payments to creditors were R150,000. Required: (a) Open the ledger accounts at the commencement of the trading period. (b) Using integrated accounting, record the transactions for the three months ended 30 April. (c) Prepare, in vertical format, for presentation to management, (i) a profit statement for the period; (ii) the balance sheet at 30 April. Adapted from CIMA Stage 2 cost Accounting 5 Wages incurred were analysed to functions as follows: 6 Production overhead absorbed in the period by Department A was R110,000 and by Department B R120,000. 7 The production facilities, when not in use, were patrolled by guards from a security firm and R26,000 was owing for this service. R39,000 was also owed to a firm of management consultants which advises on production procedures; invoices for these two services are to be entered into the accounts. 8 The cost of finished goods completed was: 9 Sales on credit were R870,000 and the cost of those sales was R700,000. 10 Depreciation of productive plant and equipment was R15,000. 11 Cash received from debtors totalled R520,000. 12 Payments to creditors were R150,000. Required: (a) Open the ledger accounts at the commencement of the trading period. (b) Using integrated accounting, record the transactions for the three months ended 30 April. (c) Prepare, in vertical format, for presentation to management, (i) a profit statement for the period; (ii) the balance sheet at 30 April. Adapted from CIMA Stage 2 cost Accounting