December 31st	1,432
Sales		92,800
Office rent		525
Office rates		200
Purchases of Raw Materials		19,000
Carriage Inwardon Raw Materials	471
Manufacturing Wages		26,430
Factory Expenses		1,828
Depreciation:
Plant and Machinery		3,250
Delivery Vans		625
Stock of Work in Progress:	January 1st	874
	December 31st	947
Factory Fuel		1,835
Advertising		517
Van running expenses		2,315
Salesmen's commission		713
Maintenance of factory equipment	10,800
Lighting (3/5factory)
(2/5 office)		8,000
Salaries (Factory 1,500)		5,000
Insurance (Factory 3,200)		4,480
You arerequired to prepare the Manufacturing, Trading, Profit and Lossaccount for the year ended

XYZ Ltd is a manufacturer of kitchen furniture. The following information was extracted from the booksof the company for the year ended 31st December, 2021.

Dr Cr

Plant and Machinery	72,000
Capital		148,800
Motor Vehicle	36,000
Loose toolsat cost (office)	10,800
Sales		204,000
Purchase of raw materials	51,000
Factory wages	46,800
Light andpower	6,000
Machinery repairs	9,120
Motor Vehiclerunning expenses	14,400
Rent and insurance	13,920
Administrative staffsalaries	37,200
Administrative expenses	10,800
Debtors	19,800
Creditors		13,440
Distribution staffsalaries	15,600
Cash in hand	15,000
Drawings	7,200
Stock of raw materials	600
	366,240	366,240

Additional Information:

1. Light and power chargesaccrued at 31st December, 2021 amounted to N1,000 and Insurance Prepaidat the same date totalled N960.
2. Stocks were valued at cost on 31st December, 2021 as follows:Raw materials N8,400

Finished goods N12,000

1. Goods manufactured during the year are to be transferred to the tradingaccount at N114,000.
2. Motor vehicle expenses are to be allocated equallyto factory expensesand general administrative expenses.
3. Office loose toolson hand on 31st December, 2021 were valuedat N6,000.
4. Plant and Machinery and motor vehicleare to be depreciated at the rate of 10% and 25% respectively.

You are required to prepare:

i. Manufacturing, Trading, Profit and Loss accountfor the year ended 31st December, 2021.