(a) Kangaroo Plc makes Carrier Sucks for Nursing Mothers, which it sells to the wholesale traders. The following trial balance was extracted from the books of the company at 31 December 20 '1. Stocks at 1 January 20 '1: $ $ Raw materials, at cost 3,920 Work in progress, at factory cost 20,160 44,240 Finished goods (3,500 units) at factory cost 39,200 Raw materials purchased Sales (12,000 units) Manufacturing wages Factory rent and rates Factory light, heat and power Plant, at cost Plant depreciation at 1 January 201 Work manager's salary Plant repairs Administration overheads Factory lease at cost (20 year's period) Amortization at 1 January 201 Share capital Debtors and bank balance 33,600 15,680 7,336 67,200 Creditors Carriage inwards 2,744 4,480 20,160 44,800 52,080 201,600 2,240 357,840 31,360 27,440 357,840 Plant depreciation is to be provided at 10% on cost of plant owned at the year-end. Raw materials costing $5,600 were in stock on 31 December 20 '1. Finished goods are transferred to the warehouse as soon as they are completed. During the year under review, 10,000 units were completed and transferred to the warehouse. Work in progress at close of 20 '1 (at factory cost) amounted to $25,760. There was no wastage or pilferage during 201. 13,440 84,000 Requirement Prepare the manufacturing, trading and profit and loss account for the year ended 31 December 201. (b) Facts as in part (a) except that it had always been the company's practice to transfer completed units from the factory to the warehouse at cost plus 25%. Stocks of finished goods are valued at the transfer price for the trading account but at factory cost for balance sheet purposes. Requirement Prepare the manufacturing, trading and profit and loss account for the year ended 31 December 201.