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Kookaburra Ltd completed its financial year on 30 June 2019. The following account balances are available from the companys general ledger: $ Administrative Salaries 18

Kookaburra Ltd completed its financial year on 30 June 2019. The following account balances are available from the companys general ledger:

$

Administrative Salaries

18 000

Advertising

10 000

Depreciation Machinery

6 800

Depreciation Office Equipment

10 000

Depreciation Fixtures-Sales

5 000

Purchases returns and allowances

3 000

Direct Labour

32 000

Factory Rental

2 500

Factory Supervision

7 200

Factory Supplies

9 000

Indirect Labour

4 500

Inventories:

Raw materials 1 July 2018

4 200

Work in process 1 July 2018

9 800

Finished Goods 1 July 2018

20 000

Raw Materials 30 June 2019

2 100

Work in Process 30 June 2019

27 000

Finished Goods 30 June 2019

16 000

Maintenance Machinery

2 000

Non-factory Building rent (50% for Sales and Admin respectively).

20 000

Other factory overhead

11 000

Other selling expenses

6 000

Raw Materials Purchases

28 800

Sales

270 000

Sales Salaries expenses

12 000

Freight inwards on Raw Materials

2 600

Additional data, in relation to end of financial year adjusting entries:

  1. From the $9,000 Factory supplies, only $2,700 was on hand at 30 June 2019
  2. $1,000 of maintenance cost for machinery is due but not yet paid or recorded by 30 June 2019.

Required:

Prepare a Cost of Goods Manufactured Statement for the current year.

(10 marks)

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