IP The financial year of xyz Manufacturing Company ends on 31 August The following information is provided Stocks at 1 September 2018 at 31 August 2019 Raw material 7 040 6 220 Work in progress 810 950 5 780 6 100 Finished goods For the year ended 31 August 2019 180 500 Sales of finished goods 43 820 Purchases of raw materials 40 190 Wages Factory operatives 18 400 Factory supervisors 37 000 Office and sales staff 5 340 General expenses - factory Office 3 600 7.500 Rates and insurance Additional information - 1. The factory machinery cost ksh 42 000 and the office machinery cost ksh 23 000. In each case the annual depreciation charge is cost. 2. The rates and insurance are to be apportioned - factory 4/5 and office 1/5. ksh 1170 3. On 31 August 2019 wages due were factory operatives ksh 600 Office staff