Notes: Purchases of raw materials include RM2,093 and direct wages includes RM549, for materials and work done in constructing an extension to the factory. From the above information, prepare the following financial reports: a) Manufacturing account b) Statement of Profit or Loss and Other Comprehensive Income for the year ended 31st December 2018 Show clearly the Prime cost, factory cost of completed production, cost of sales, gross profit, administrative overheads, selling and distribution overheads, financial charges and net profit.

Question 4 Silky, a manufacturer provided the following information for the year ended 31st December 2018: Details Inventory of raw materials at 1st January 2018 Work in progress valued at factory cost at 1st January 2018 Inventory of finished goods at 1st January 2018 Purchases of raw materials Purchases of finished goods Raw materials returned to suppliers Carriage outwards Carriage inwards Direct wages Administrative salaries Supervisors' wages Royalties payable Electricity used in factory Light and heat for administrative offices Sales staff salaries and commission Bad debts Discount received Discount allowed Depreciation - Plant - Delivery vehicles - Office fixtures and furniture Rent and rates (Factory 3/4, Office 1/4) Delivery expenses Postage and telephone Printing and stationery Proceeds from the sale of scrap of metal Interest payable on loan Bank charges Insurance on plant Advertising Repairs to plant Sales Inventory of raw materials at 31st December 2018 Work in progress valued at factory cost at 31st December 2018 Inventory of finished goods at 31st December 2018 (RM) 2,453 1,617 3.968 47,693 367 4,921 487 683 23,649 10,889 5,617 7,500 2,334 998 8,600 726 2,310 1,515 13,400 3,700 1.900 4,800 593 714 363 199 3.000 100 1,750 625 917 145,433 3,987 2,700 5,666