Nakio Factory manufactures toy handphones. The following information for the year ended 31 March 2013 was extracted from the factory's record.

Building rental Depreciation - Vehicle Depreciation -Equipment Maintenance of equipment Insurance of vehicle Equipment Vehicle Plant Utilities Direct Material, 1 April 2021 Finished Goods, 1 April 2021 Work in Process, 1 April 2021 Direct Material, 31 March 2022 Finished Goods, 31 March 2022 Work in Process, 31 March 2022 Direct Labour Sales Indirect Labor Direct Material Purchases Import Duties of material Carriage inwards of material

$ ('000) 3,000 1,500 2,000 9,000 12,000 50,000 30,000 900 500 3,000 300 600 2,800 250 13,200 85,000 180 13,500 4,000 2,000

Additional Information

• 70% of building space was used for factory operations
• 90% of usage of vehicle and equipment for factory operation

Required:

Prepare the Schedule of Cost of Goods Manufactured and income statement for the year ended 31 March 2022