ILLUSTRATION 2: N Stock of Finished Goods January 1st 12,660
December 31st 17,845 Stock of Raw Materials: January 1st 8,040
December 31st 7,160 Sales 464,000 Office rent 2,625 Office rates
1,000 Purchases of Raw Materials 95,000 Carriage Inward on Raw
Materials 2,355 Manufacturing wages 132,150 Factory expenses 9,140
Depreciation: Plant and Machinery 16,250 Delivery vans 3,125 Stock
of Work in Progress: January 1st 4,370 December 31st 4,735 Factory
Fuel 9,175 Advertising 2,585 Van running expenses 11,575 Salesmen's
Commission 3,565 Maintenance of factory equipments 54,000 Lighting
(3/5 factory) (2/5 office) 40,000 Salaries (factory 7,500) 25,000
Insurance (factory 16,000) 22,400 The following shows the figures
extracted from the books of Ojolo, a manufacturer for the yer ended
31st December, 2009. You are required to prepare the Manufacturing,
Trading, Profit and Loss account for the year ended 31st December,
2009
ILLUSTRATION 2: N Stock of Finished Goods January 1st 12,660 December 31st 17,845 Stock of Raw Materials: January 1st 8,
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