Stripes Limited is a manufacturing entity.
The following figures were included in its trial balance as at 31 December
2019. You are advised that the building costs relate 70% to its factory and 30%
to its administrative offices and that 80% of the light and power costs relate to
the production activities. You are required to calculate the total cost of goods
producted for the year to 31 December 2019.
Inventories at 1 January 2019:
	Work in Progress			10,000
	Raw materials			5,000
Wages:
	Factory			250,000
	Directors			200,000
	Sales & Marketing			80,000
Building Depreciation				65,000
Electricity				12,000
Purchases of raw materials				180,000
Advertising				20,000
Inventories at 31 December 2019:
	Work in Progress			3,000
	Raw Materials			7,000
Repair of production machinery				4,000
Machinery depreciation				27,000