| Manufacturing Accounts - W.Ex 1 (Apportionment) | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | SOLUTION |
|---|---|---|---|---|---|
| Jackson PLC | |||||
| Manufacturing Account for the year ended 31 December Year 4 | |||||
| £ | £ | ||||
| Raw Materials Cost | |||||
| Opening Inventory | 18450 | ||||
| Add Purchases | 64300 | ||||
| Less Purchases Returns | 0 | 64300 | |||
| 82750 | |||||
| Add Carriage In | 1605 | ||||
| 84355 | |||||
| Less Closing Inventory | 20210 | ||||
| COST OF RAW MATERIALS CONSUMED | 64145 | ||||
| Add Direct Costs | |||||
| Direct Labour | 65810 | 65810 | |||
| PRIME COST OF MANUACTURE | 129955 | ||||
| Add Factory Overheads | |||||
| Rent (2/3x2700) | 1800 | ||||
| Depn - Works Machinery | 8300 | ||||
| Fuel and Power | 5920 | ||||
| 16020 | |||||
| 145975 | |||||
| Add Inventory - Work in Progress at Start | 23600 | ||||
| 169575 | |||||
| Less Inventory - Work in Progress at End | 17390 | ||||
| FACTORY COST OF PRODUCTION | 152185 | ||||
| Jackson PLC | |||||
| Income Statement for the year ended 31 December Year 4 | |||||
| £ | £ | £ | |||
| Sales Revenue | 200600 | ||||
| Less Sales Returns | 0 | ||||
| Net Sales Revenue | 200600 | ||||
| Less Cost of Sales | |||||
| Opening Inventory - FG | 17470 | ||||
| Add Factory Cost of Production | 152185 | ||||
| 169655 | |||||
| Add Purchases - FG | 0 | ||||
| Less Purchases Returns - FG | 0 | 0 | |||
| 169655 | |||||
| Add Carriage In - FG | 0 | ||||
| 169655 | |||||
| Less Closing Inventory - FG | 21485 | ||||
| COST OF SALES | 148170 | ||||
| GROSS PROFIT | 52430 | ||||
| Less Expenses | |||||
| Office Salaries | 16920 | ||||
| Rent (1/3x2700) | 900 | ||||
| Lighting and Heating | 5760 | ||||
| Depn - Office Equipment | 1950 | ||||
| 25530 | |||||
| 26900 | |||||
| Add Other Income | |||||
| 0 | |||||
| PROFIT FOR THE YEAR | 26900 |