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QUESTON1 Given below are ecloded account balanes of Aryan. Manaanning Compay for I Jaauary 2017 31 December 2017 Finished Gneds Inventory Work in Process Inveneery

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QUESTON1 Given below are ecloded account balanes of Aryan. Manaanning Compay for I Jaauary 2017 31 December 2017 Finished Gneds Inventory Work in Process Inveneery 76000) Direct Labour Factory Supervisury Salaries Income Tax Expenes Factory Inarance Raw Material Parchases dminitrsive Expenses Retums and Allownces Factory Depreciation Indirect Labour elling i Espenses Required: (a) Prepare a schedlule of cost of soods manefoctured for Aryani Manufacturing (9 macks) Company for the year ended 31 December 2017 the year ended 31 December 2017 Company for the year endod 31 December 201 (b) Prepare compusation of cost of goods sold for Aryani Manfacturing Company for 3 mcks) (c) Prepare an Income Statement through net iecome for Aryami Manufacturing 3 marks) TOTAL 1S MARKS Continned

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