Raw materials opening inventory was valued at $2,500 and raw materials purchases were $25,000. 

The total cost of raw materials consumed was $23,800. The cost of direct labour was $80,000 and total production prime cost was $113,800 (including direct expenses).

Indirect production overheads were $60,000 (including machinery depreciation of (20,000) 

Opening and closing stocks of work - in - progress inventory were valued at $5,000 and $5,500 respectively. 

Opening and closing stocks of finished goods inventory were valued at $11,000 and f12,000 respectively 

Required: Prepare the manufacturing account of Arian Lid for the year ended 31 December 2020 and reconcile your work to the cost of sales value provided above.