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That is the question below, thanks The following are balances extracted from the books of Muda Manufacturing Company Ltd as at 31st December, 2013: Delivery

That is the question below, thanks

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The following are balances extracted from the books of Muda Manufacturing Company Ltd as at 31st December, 2013: Delivery van expenses 125,000 Electricity: Factory 142,950 Office 55,500 Manufacturing wages 2,273,500 General expenses: Factory 282,000 Office 190,800 Sales representative: Commission 393,000 Purchase of raw materials 1,952,700 Rent: Factory 240,000 Office 1 10,000 Machinery (cost $2,500,000) 1,625,000 Office equipment (cost $750,000) 550,000 Office salaries 742,250 Debtors 1,418,500 Creditors 972,500 Bank 666,850 Sales 6,825,800 Premises (cost $2,500,000) 2,000,000 Stock at 31 December, 2009: Raw materials 428,250 Finished goods 1,474,000 Share capital 6,872,800 You are provided with additional information thus: (a) Stock at 31 st December, 2013: Raw materials N452,500 Finished goods #1,560,000 There was no work-in-progress. (b) Depreciation: Machinery->100,000, Office equipment 275,000 and Premises N50,000 (c) Manufacturing wages due but unpaid at 31st December, 2010, was #15,200, Office Rent Prepaid was N5,400. Required to prepare: (a) The Company's Manufacturing and Statement of Comprehensive Income for the year ended 31 December 2013. (b) The Statement of Financial Statement Position as at that date

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