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Answer that I find here is not very clear The following information relates to Marula Processors for the year ended 28 February 2020: Balances on

Answer that I find here is not very clear

The following information relates to Marula Processors for the year ended 28 February 2020:

Balances on 1 March 2019: Raw materials inventory R 458 912.00 Work-in-process inventory R 109 047.34 Finished goods inventory R 555 430.05 Transaction totals for the year ended 28 February 2020: Credit purchases of raw materials R 2 279 482.37 Freight on raw material purchases (on credit) R 368 446.24 Indirect material purchased on credit R 576 772.33 Sales of finished products R 37 000 709.08 Direct labour: Factory wages R 2 737 332.57 Pension fund contributions paid by employer R 512 002.24 Medical aid contributions paid by employer R 740 502.61 UIF contributions paid by employer R 27 373.00 Indirect labour R 1 527 830.81 Security: Factory R 917 824.00 Administrative offices R 801 981.11 Rates and levies: Factory R 196 858.60 Administrative offices R 500 216.20 Insurance: Factory R 473 367.73 Administrative offices R 249 524.11 Internet: Factory R 284 341.88 Administrative offices R 424 721.89 Selling and administrative costs R 1 244 964.54 Stationery R 135 592.46 Salaries of administrative staff R 1 890 580.28 Sales returns of finished products R 212 501.20 Consumable stores (Indirect materials) issued to the factory R 477 812.13 Depreciation on factory machinery R 365 260.82 Balances on 28 February 2020 Work-in-process goods on hand R 1 409 864.25 Raw materials on hand R 334 362.31 Finished products on hand R 1 666 927.23 Required: Prepare the production cost statement, the trading statement and the notes to the financial statements of Marula Processors for the year ended 28 February 2020.

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