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J. Salim is a manufacturer. His trial balance at December 31 2019 is as follows Shs Shs Delivery van expenses 2,500 Lighting and heating: Factory

J. Salim is a manufacturer. His trial balance at December 31 2019 is as follows

Shs

Shs

Delivery van expenses

2,500

Lighting and heating: Factory

2,859

Office

1,110

Manufacturing wages

45,470

General expenses: Office

3,816

Factory

5,640

Salesmen's commission

7,860

Purchase of raw materials

39,054

Rent: Office

2,200

      Factory

4,800

Machinery (cost shs 50,000)

32,500

Office equipment (cost shs 15,000)

11,000

Office salaries

6,285

Debtors

28,370

Creditors

19,450

Bank

13,337

Sales

136,500

Premises (cost shs 50,000)

40,000

Stock as at 31 December 2018

Raw materials

8,565

Finished goods

29,480

Drawings

8,560

Capital

137,456

293,406

293,406

NOTES:

. Give effect to the following adjustments.

a)    Stock at 31 December 2019: Raw materials shs 9.050, finished goods shs 31,200 there is no work in progress.

b)    Deprecate machinery shs 2,000, office equipment shs 1,500, premises shs 1,000.

c)    Manufacturing wages due but unpaid at 31 December 2019 shs 305, office rent prepaid shs 108.


Required:

Please fill in the gaps in the questions given below. The amounts should be filled in without any spaces or commas in the numerals.

1) The figure for the prime cost is shs

2) total factory overhead expenses are shs

3) The amount for production cost of completed goods is shs

4) The cost of goods sold is an amount of shs

5) The gross profit for Salim's business is shs

6) The net profit for this business works out to shs

7) The net book values of all the fixed assets total shs

8) Total current assets in the balance sheet are shs

9) Total current liabilities in the balance sheet are shs

10) The net assets or capital employed on the balance sheet works out to shs


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