construct a raw materials general ledger account with the information given below

ATTACHMENT A - INFORMATION FOR THE INVENTORY GENERAL LEDGER ACCOUNTS - Wells Gray project 2023 1. General details Weils Gray requested for a specifc grain of wood called 'Silver Grain Moranti' to be cut into wooden boards and installed across an open-plan office space to accommodate staff members. To accommodate this request, Panda Flooring converted existing bamboo boards using dyes and staining techniques to meet flooring specifications requested by Wolls Grey. Pande Flooring appled a mark-up of 25% on cost for this project. The raw materials general ledger account includes information related to the bamboo boards and paint (see point 3.4). 4 2. Actual level of production Given the nature of the project, Pande Flooring only manufactured encugh boards to meet the project demands. There was no work-in-progress or finished goods at 31 March 2023. 3. Details on 'Silver Grain Morant' 3.1 Opening balance as at 1 April 2022 The opening balance of raw materials - Bamboo boards comprise the folowing: - Batch 1: 43m2 of bamboo board at R2 138 per m2 - Batch 2: 45m2 of bamboo board purchased at R2 195 per m2 As it relates to batch 2 , a 3% settiement discount was offered to Panda Flooring if payment is made within 10 days of the irvoice date. Panda Flooring has a 30 day payment cycle from invoice date to minimise significant cash-flow movements and has not deviated from this practice. 3. 2 Purchases On 23 February 2023, an additional 15m2 bamboo board was purchased at a cost of R2 200 per m2. This bamboe is imported from China and non-refundable import duties is calculated at 5% of the cost per square-meter. Payment was made on 22 March 2023. 3.3 Stock-count - raw materiais A stock-count conducted at the end of FY2023 identified 30m2 of wooden boards damaged by a leak in the factory. These boards were not painted. The boards can be repaired at a cost of R915 per board. 3.4 Siver Grain Maranti Wood - painting of bamboo boards To meet the specifications of the Wells Gray project, Panda Flooning purchased and paid for speciality paint to stain the barmboo flooring boards. The cost of the paint was R17 500 for a 20 litre paint drum and 12,75 litres was used to stain the boards. It is highly unlikely that the paint could be used for another project or soid to another company. The high viscosity of the speciality paint resulted in abnormal wastage in FY2023 amounting to R1000. At the end of FY2023, 5 litres of paint remained on-hand. "The roquired continues on the next page" ATTACHMENT A - INFORMATION FOR THE INVENTORY GENERAL LEDGER ACCOUNTS - Wells Gray project 2023 1. General details Weils Gray requested for a specifc grain of wood called 'Silver Grain Moranti' to be cut into wooden boards and installed across an open-plan office space to accommodate staff members. To accommodate this request, Panda Flooring converted existing bamboo boards using dyes and staining techniques to meet flooring specifications requested by Wolls Grey. Pande Flooring appled a mark-up of 25% on cost for this project. The raw materials general ledger account includes information related to the bamboo boards and paint (see point 3.4). 4 2. Actual level of production Given the nature of the project, Pande Flooring only manufactured encugh boards to meet the project demands. There was no work-in-progress or finished goods at 31 March 2023. 3. Details on 'Silver Grain Morant' 3.1 Opening balance as at 1 April 2022 The opening balance of raw materials - Bamboo boards comprise the folowing: - Batch 1: 43m2 of bamboo board at R2 138 per m2 - Batch 2: 45m2 of bamboo board purchased at R2 195 per m2 As it relates to batch 2 , a 3% settiement discount was offered to Panda Flooring if payment is made within 10 days of the irvoice date. Panda Flooring has a 30 day payment cycle from invoice date to minimise significant cash-flow movements and has not deviated from this practice. 3. 2 Purchases On 23 February 2023, an additional 15m2 bamboo board was purchased at a cost of R2 200 per m2. This bamboe is imported from China and non-refundable import duties is calculated at 5% of the cost per square-meter. Payment was made on 22 March 2023. 3.3 Stock-count - raw materiais A stock-count conducted at the end of FY2023 identified 30m2 of wooden boards damaged by a leak in the factory. These boards were not painted. The boards can be repaired at a cost of R915 per board. 3.4 Siver Grain Maranti Wood - painting of bamboo boards To meet the specifications of the Wells Gray project, Panda Flooning purchased and paid for speciality paint to stain the barmboo flooring boards. The cost of the paint was R17 500 for a 20 litre paint drum and 12,75 litres was used to stain the boards. It is highly unlikely that the paint could be used for another project or soid to another company. The high viscosity of the speciality paint resulted in abnormal wastage in FY2023 amounting to R1000. At the end of FY2023, 5 litres of paint remained on-hand. "The roquired continues on the next page