QUESTION 5 (10 MARKS) Beulah Trading is an entity with a 30 June year-end. The entity manufactures school shoes. Shoes that are manufactured by Beulah Trading are transferred to the sales department at a mark-up of 30% on cost. The following costs were recorded in the books of Beulah Trading for the year ended 30 June 2019: N$ Raw materials inventory on 1 July 2018 N$45 000

Raw materials purchased N$156 400

Labour cost N$89 000

Raw materials inventory on 30 June 2019 N$67 900

Depreciation 4 500

Power and water consumption N$7 500

Insurance N$2 350

Maintenance N$749

Selling and general administrative costs N$1 950

Work-in-progress on 1 July 2018 N$15 000

Work-in-progress on 30 June 2019 N$9 300 The records of the sales department showed the following: Inventory on 1 July 2018 (150 pairs) N$167 000

Inventory on 30 June 2019 (80 pairs) 68 000 1 500 pairs of shoes with a selling price of N$ 460 000 were sold during the year by the sales department. REQUIRED: Prepare the following general ledger accounts: (10)

Raw materials.

Work-in-progress.

Finished goods.

Allowance for unrealised profit.