The Journey Ends Wine Manufacturing extracted the following balance as at 30 June 2020.

Inventory

Raw materials	12,000
Furnished goods	36,900
Work in progress	33,810
Purchase of raw materials	195,000
Carriage on raw materials	10,500
Direct factory wages	122,100
Indirect factory wages	45,900
Maintenance and repairs	25,350
Electricity	40,110
Sales	900,000
Plant and machinery at cost	426,000
Provision for depreciation on plant and machinery	36,000
Receivables	15,000
Payables	30,000
Bank	10,000
Capital Additional Information:	6,760

i. Inventory at 30 June 2020

Raw materials $10,500

Finished goods $51,906

Work in progress $28,260

ii. Depreciation is to be calculated on plant and machinery at the rate of 10% of cost.

iii. The office is responsible for 2/5 of the maintenance.

iv. Electricity outstanding at the end of the year $90

v. The factory is responsible for 1/3 of electricity.

vi. Production cost was transferred at a mark up of 20%

a. The Manufacturing Account and Income Statement.(32 marks)

b. Calculate the value of total assets. (8 marks)