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The following are relevant transactions of XYZ manufacturing company. Details Amount ($) Raw material purchase from suppliers 11.89.000 Wages paid to productive workers 52.500 Raw

The following are relevant transactions of XYZ manufacturing company.

Details

Amount ($)

Raw material purchase from suppliers

11.89.000

Wages paid to productive workers

52.500

Raw material stock (1-1-19)

95.000

Raw material stock (31-12-19)

91.500

Finished product stock (1-1-19)

84.000

Finished product stock(31-12-19)

71.000

Work in progress(1-1-19)

48.000

Stock of work in progress(31-12-19)

45.000

selling expense

11.400

Repair and maintenance

18.000

Sales to customers

32.11.000

freight

21.000

Factory rent and electricity

2.15.000

turn out

9.000

Wages paid for unproductive labor

53.750

supply

24.000

Depreciation of plant and machinery

31.500

Direct chargeable expense

21.500

Miscellaneous factory expenses

1.10.000

Seller's salaries and commission

36.500

introversion

11.500

discount to suppliers

10.000

office rent

22.500

Miscellaneous office expenses

16.500

advertising expense

23.500

export

12.500

Necessary:

(a) Prepare three statements

  1. Cost of goods sold table
  2. Cost sales table
  3. income statement

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