Individual Assignment (20%) 1- Prepare a Manufacturing account for the year ended 31 December 2017 2- Prepare a Trading account for the year ended 31 December 2017 1 January 2017, Stock of raw materials RM 800 31 December 2017, Stock of raw materials 1,050 1 January 2017, Work in progress 350 31 December 2017, Work in progress 420 Year to 31 December 2017: Wages: Direct : Indirect Purchase of raw material Fuel and power 3,960 2,550 8,700 990 Direct expenses Lubricants Carriage inwards on raw materials 140 300 200 Rent of factory Depreciation of factory plant & machinery Internal transport expenses 720 420 180 Insurance of factory buildings and plant 150 General factory expenses 330 3,500 1 January 2017, Stock of finished goods 31 December 2017, Stock of finished goods Sales of finished goods 4,400 25,000