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TASK 3 (22 marks) Greenleaf Ltd., a manufacturing company, has provided the following details for the six months ended 30 June, 2021. 125,000 80,000 4,000

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TASK 3 (22 marks) Greenleaf Ltd., a manufacturing company, has provided the following details for the six months ended 30 June, 2021. 125,000 80,000 4,000 5.500 Balances in the ledger at 31 December 2020 included: Finished Goods Inventory Direct Materials Inventory Indirect Materials Inventory Work in process Inventory Transactions during the six months ended 30 June 2021: Sales Purchases direct materials Freight inwards - Direct materials Direct wages paid Supervisor's salary Indirect materials purchased Factory Insurance Factory rates Other factory expenses Additional information Accrued direct wages Depreciation on factory plant Physical stocktake at 30 June 2021: Direct material inventory on hand Finished goods inventory on hand Indirect material inventory on hand Work in process inventory on hand 4,890,000 910,000 2,600 610,500 45,000 12,000 6.000 15,400 398,000 500 10,000 84,000 130.000 3,500 6.000 Required: (a) Prepare a Cost of Goods Manufactured Statement for the six months ended 30 June, 2021 (18 marks) (b) Prepare an Income Statement for the six months ended 30 June, 2021 (4 marks)

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