The following balances were extracted from the books of JKL Ltd on 31 December 2020: Kshs Carriage outwards

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The following balances were extracted from the books of JKL Ltd
on 31 December 2020:
Kshs
Carriage
outwards
2,500
Electricity
6,000
Factory
expenses
14,000
Manufacturing
wages
63,500
Office
expenses
15,400
Office furniture and fixtures at
cost
92,000
Opening stocks:
Raw
materials
25,000
Finished goods at
cost
32,000
Work in progress at
cost
23,600
Plant and machinery at
cost
230,000
Rates and
insurance
6,800
Raw materials
purchased
115,400
Returns inwards:
5,400
Office
salaries
66,800
Sales
912,200
Selling
expenses
36,000
Cash at
bank
120,000
Creditors
22,000
Capital
235,800
Loan
26,000
Additional information:
(i) Closing stocks valued at cost:
Raw
materials
15,000
Finished
goods
25,400
Work in
progress
13,200
(iii) Depreciation is to be provided at 10% on cost for
office furniture and fixtures
and plant and machinery on straight line basis.
(iv) The expenses on electricity, and rates and insurance are
chargeable three-fifths
to the factory and the balance to the office.
(vi) On 31 December 2020, accrued office salaries amounted
to Kshs11, 600 and the
prepaid insurance premium was kshs 5,200.
Required.
Prepare a manufacturing account showing clearly the amount to be
taken to the profit and loss statement for JKL Ltd for the year
ended 31st December 2020.
(8 marks)