| 1.68 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | SOLUTION |
|---|---|---|---|---|---|
| Brown PLC | |||||
| Manufacturing Account for the year ended 31 March Year 8 | |||||
| £ | £ | ||||
| Raw Materials Cost | |||||
| Opening Inventory | 7500 | ||||
| Add Purchases | 130000 | ||||
| Less Purchases Returns | 2500 | 127500 | |||
| 135000 | |||||
| Add Carriage In | 0 | ||||
| 135000 | |||||
| Less Closing Inventory | 9000 | ||||
| COST OF RAW MATERIALS CONSUMED | 126000 | ||||
| Add Direct Costs | |||||
| Manufacturing Wages (40000+2000) | 42000 | 42000 | |||
| PRIME COST OF MANUACTURE | 168000 | ||||
| Add Factory Overheads | |||||
| Heat and Light | 22000 | ||||
| Admin Expenses (33000-500) | 32500 | ||||
| Manager's Salary | 30000 | ||||
| Fuel | 20000 | ||||
| Depn - Machinery (10%x85000) | 8500 | 113000 | |||
| 281000 | |||||
| Add Inventory - Work in Progress at Start | 6250 | ||||
| 287250 | |||||
| Less Inventory - Work in Progress at End | 2000 | ||||
| FACTORY COST OF PRODUCTION | 285250 |