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Greenleaf Ltd, a manufacturing company, has provided the following details for the six months ended 30 June, 2021. S 125,000 80,000 4,000 5,500 Balances in

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Greenleaf Ltd, a manufacturing company, has provided the following details for the six months ended 30 June, 2021. S 125,000 80,000 4,000 5,500 Balances in the ledger at 31 December 2020 included: Finished Goods Inventory Direct Materials Inventory Indirect Materials Inventory Work in process Inventory Transactions during the six months ended 30 June 2021: Sales Purchases direct materials Freight inwards. Direct materials Direct wages paid Supervisor's salary Indirect materials purchased Factory Insurance Factory rates Other factory expenses Additional information 4,890,000 910,000 2,600 610,500 45,000 12,000 6,000 15,400 398,000 Accrued direct wages 500 10,000 Depreciation on factory plant Physical stocktake a 30 June 2021 UOWCA WUCOTEX Page Bote Direct material inventory on hand Finished goods inventory on hand Indirect material inventory on hand Work in process inventory on hand 84,000 130,000 3,500 6,000 Required: (a) Prepare a Cost of Goods Manufactured Statement for the six months ended 30 June 2021 C1N marks) (6) Prepare an Income Statement for the six months coded 30 June, 2021 (4 marks) TASK 3 (a) I GREENLEAF LTD Cost of Goods Manufactured Statement For the six months Ended 30 June 2021 $ $ TASK 3 (b) I GREENLEAF LTD Income Statement For the six months Ended 30 June 2021 $ Page 10 of Greenleaf Ltd., a manufacturing company, has provided the following details for the six months ended 30 June, 2021 Balances in the ledger at 31 December 2020 included: S Finished Goods Inventory 125,000 Direct Materials Inventory 80,000 Indirect Materials Inventory 4,000 Work in process Inventory 5,500 Transactions during the six months ended 30 June 2021: I Sales 4,890,000 Purchases direct materials 910,000 Freight inwards - Direct materials 2,600 Direct wages paid 610,500 Supervisor's salary 45,000 Indirect materials purchased 12,000 Factory Insurance 6,000 15,400 Factory rates 398,000 Other factory expenses Additional information 500 Accrued direct wages 10,000 Depreciation on factory plant Physical stocktake at 30 June 2021: I 84,000 130,000 Direct material inventory on hand Finished goods inventory on hand Indirect material inventory on hand Work in process inventory on hand 3,500 6,000 Required: (a) Prepare a Cost of Goods Manufactured Statement for the six months ended 30 June, 2021 (18 marks) (b) Prepare an Income Statement for the six months ended 30 June, 2021 (4 marks)

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