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S&Co. has two departments A and B. From the following particulars prepare departmental trading account and consolidated trading account for the year ending December
S&Co. has two departments A and B. From the following particulars prepare departmental trading account and consolidated trading account for the year ending December 31, 2017: Dept A (3) 20000 92000 2000 12000 140000 Opening stock (at cost) Purchases Carriage Wages Sales Purchased goods transferred by B to A by A to B Finished goods transferred: by B to A by A to B Return of finished goods: by B to A by A to B Closing stock: (i) Purchased goods (ii) Finished goods 10000 35000 10000 4500 24000 Dept. B () 12000 68000 2000 8000 112000 8000 40000 7000 6000 14000 You are informed that purchased goods have been transferred mutually at their respective departmental purchase cost and finished goods at departmental market price and that 20% of the finished stock (closing) at each department represented finished goods received from the other department.
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