Manufacturing Account

The following figures were taken from the books of Kpogas Furniture Ltd.

Sales..350,000 Sales return...4,500 Raw Material Opening Stock1,550 Closing Stock..3,650 Purchases.38,500 Carriage.2,750 Manufacturing wages52,400 Royalties.3,600 WORK-IN-PROGRESS( W.I.P) Opening Work-in-progress( W.I.P)2,500 Closing Work-in-progress( W.I.P)1,800 Office expenses..1,650 Finance Expenses..1,050 STOCK OF FINISHED GOODS Opening Stock...7,450 Closing Stock2,300 Depreciation: Plant and machinery3,550 Delivery van..1,500 Repairs on machinery1,100 Lubricants..1,200 Insurance ( 70% for factory) 1,400 Carriage outwards.500 Factory Power.4,800 Factory Expenses1,250 Rent(3/4 factory)2,000 Advertising..800 Van running Expenses.700 Sales commission3,400 Salaries ( 70% factory) 12,000

REQUIRED: Prepare Manufacturing, Trading, Profit or Loss Account For the year Ended December 31, 2019