The following accounts and amounts were taken from the records of Prider Manufacturers Ltd at 30 June 2014:
Advertising expense 60,000
Administrative office rent 30,000
Sales travel expense 18,300
Office salaries 211,200
Depreciation-factory machine 19,200
Rates-factory 24,000
Depreciation-office equipment 7,200
Discount raw materials 4,000
Direct labour 195,000
Raw materials inven 1/7/13 57,600
Factory power 18,000
Raw materials inven 30/6/14 62,400
Factory rent 120,000
Raw materials purchase 640,000
Factory supplies 148,000
Sales revenue 1,900,000
Finished goods, 1/7/13 130,000
Sales returns 31,400
Finished goods, 30/6/14 125,000
Sales commission 57,300
Freight inwards 8,700
Work in process 1/7/13 27,000
Indirect labour 64,000
Work in process 30/6/14 30,000
Machinery repairs 38,900
Required:
Problem 1. Prepare a cost of goods manufacture statement for the year ended 30 June 2014