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Question 4 24 marksi) Otwarongo Manufacturer Ltd has the following intormation related to the reporting rod andet December 2015 Inventory:Raw material - 1 January 2019
Question 4 24 marksi) Otwarongo Manufacturer Ltd has the following intormation related to the reporting rod andet December 2015 Inventory:Raw material - 1 January 2019 Raw material purchased during the year 695000 Manufacturing prentat cost Accumulated provision for deprecation Manufacturing coment Delry des Uncompleted goods - 1 anuary 2018 Intory of completed goods-luar Sundry sales and administrative en Inwentary on 31 December 2019 Pur o ther inwestory Additional information Amount of NS 20000 is erroneously be ther e account other to stead of raw material Correct the stor N S 600 000 in respect of direct labour costs, whilst the residue is for indirect manufacturing L abour These of the factory is 250ml. The rent amounts to NS 400 per mu os of the electricity siect of manufacturing Deprecation is determined as follows: - Manufacturing equipment is written off in 10 cual instant D ona Manufacturer Ltd bought the manufacturing equipment anuary 2016 -15per annum on vehicles according to the reducing balance method You are required to 1. Prepare the following general ledger accounts for wrong Manufacturer ind for the year ended 31 December 2019: 11 Raw materials into account 16 mars 13 Factory weeds expense account 17 13 Work in progress account 17 mars 14 Finished goods (4 mars -End of Assignment 2 Page 19 of 19 Question 4 24 marksi) Otwarongo Manufacturer Ltd has the following intormation related to the reporting rod andet December 2015 Inventory:Raw material - 1 January 2019 Raw material purchased during the year 695000 Manufacturing prentat cost Accumulated provision for deprecation Manufacturing coment Delry des Uncompleted goods - 1 anuary 2018 Intory of completed goods-luar Sundry sales and administrative en Inwentary on 31 December 2019 Pur o ther inwestory Additional information Amount of NS 20000 is erroneously be ther e account other to stead of raw material Correct the stor N S 600 000 in respect of direct labour costs, whilst the residue is for indirect manufacturing L abour These of the factory is 250ml. The rent amounts to NS 400 per mu os of the electricity siect of manufacturing Deprecation is determined as follows: - Manufacturing equipment is written off in 10 cual instant D ona Manufacturer Ltd bought the manufacturing equipment anuary 2016 -15per annum on vehicles according to the reducing balance method You are required to 1. Prepare the following general ledger accounts for wrong Manufacturer ind for the year ended 31 December 2019: 11 Raw materials into account 16 mars 13 Factory weeds expense account 17 13 Work in progress account 17 mars 14 Finished goods (4 mars -End of Assignment 2 Page 19 of 19
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