Study the scenario and complete the question that follows:

Tricia Manufactures

The following is an extract from the accounting records of Tricia Manufacturers, a sole trader, for the year ended $28$ February $2022$:

$1$ Mar $2021$

$28$ Feb $2022$

Inventory balances

Direct materials

$90000$

$40000$

Work$-$in$-$progress

$30000$

$44900$

Finished products

$60000$

$85000$

Transactions for the year ended $28$ February $2022$:

Direct materials purchased on credit

$55000$

Import duty paid on purchases of direct materials

$1500$

Returns of direct materials

$5500$

Direct and indirect labour cost

$15000$

Water and electricity

$2500$

Repairs to factory machinery

$4000$

Depreciation $($factory machinery$)$

$20000$

Credit sales

$150000$

Salaries and wages $($administrative personnel$)$

$18000$

Cost of sales

$120000$

Additional information:

$1.$

The total of direct materials purchased on credit includes indirect materials amounting to R$10000,$ all of which was issued to the manufacturing process.

$2.$

The factory manager$$s remuneration amounts to $30\%$ of the total labour cost and represents the

only indirect labour cost

$3.$

It is estimated that $75\%$ of the water and electricity is used in the factory.

$4.$

Finished products are transferred to the sales department at cost plus $20\%.$

$5.$

Tricia Manufacturers uses a perpetual inventory system.

You are required to:

Prepare the manufacturing cost statement of Tricia Manufacturers for the year ended $28$ February $2022.(20$ Marks