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Question 5 [18] MANUFACTURING ENTERPRISE Trodat Enterprises manufactures bottled water. The owner, Mr King, approached you to assist with the correct reporting for a manufacturing
Question 5 [18] MANUFACTURING ENTERPRISE Trodat Enterprises manufactures bottled water. The owner, Mr King, approached you to assist with the correct reporting for a manufacturing business. He provided you with the following information for the year ended 31 October 2020: Balances on 1 November 2019 Direct materials R82 816 Work-in-progress R11 928 Finished goods inventory R88 435 Transaction totals for the year ended 31 October 2020 Sales of finished goods R731 800 Direct materials purchased R79 500 Direct labour R77 300 Factory overheads R51 875 Balances on 31 October 2020 Direct materials R57 030 Work-in-progress R18 363 Finished goods inventory R22 611 Required: Prepare the following for the year ended 31 October 2020 5.1 Production cost statement 5.2 Trading statement (3) Page 8 Aigment SBS STADIO SUMMATIVE ASSESSMENT ASSIGNMENT) -2020 SECOND SEMESTER ACN 200 ACCOUNTING FOR MANAGERS Notes to the financial statements: Direct material costs 5.4 Cost of finished goods sold 5.3
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