Question 2 K.T owns a small manufacturing business and the following balances were taken from his on 30 June 2010 Raw material Finished goods Work in progress Bad debts Factory wages Pula 20 400 25 000 12 000 1000 48 000 Factory direct wages- royalty paid 4 000 Factory power 10 200 Factory rent 8600 Supervisor's salaries 4800 Carriage outwards 3.800 Purchases of raw material 232 000 Carriage on raw material 2 800 Depreciation-factory equipment Office expenses Sales of finished goods Office salaries 12 400 7 800 509 000 13 600 Depreciation of office equipment 8 200 Stock of material at 30 June 2010 Raw material Finished goods Work in progress Required to prepare: 18 800 26 200 14 000 a. manufacturing account clearly showing cost of raw material consumed, prime factory cost and total cost of goods completed b. The trading profit and loss account( income statement)