The following trial balance was extracted from Hickory’s books of account at 30 April 2010
|
Dr
$000
|
|
Cr
$000
|
Revenue (sales)
|
|
|
5684
|
Raw materials purchased
|
2628
|
|
|
Trade receivables (debtors)
|
480
|
|
|
Provision for doubtful debts
|
|
|
16
|
Trade payables (creditors)
|
|
|
426
|
Factory non-current (fixed) assets at cost
|
2800
|
|
|
Office non-current (fixed) assets at cost
|
952
|
|
|
Accumulated depreciation at 1 May 2009
|
|
|
|
Factory non-current (fixed) assets
|
|
|
1100
|
Office non-current (fixed) assets
|
|
|
380
|
Bank
|
|
|
290
|
Bank charges
|
12
|
|
|
Bank interest
|
38
|
|
|
Factory expenses
|
432
|
|
|
Manufacturing wages
|
548
|
|
|
Office expenses
|
348
|
|
|
Office salaries
|
194
|
|
|
Sales expenses
|
248
|
|
|
Rent
|
|
|
48
|
Inventory (stocks) at 1 May 2009
|
|
|
|
Raw materials
|
164
|
|
|
Finished goods
|
292
|
|
|
Work in progress
|
146
|
|
|
Capital
|
|
|
1338
|
|
9282
|
|
9282
|
Additional information:
|
|
|
|
1 Inventory (stocks) at 30 April 2010 Raw materials
|
$202 000
|
|
|
Finished goods
|
$252 000
|
|
|
Work in progress
|
$128 000
|
|
|
1 All depreciation for the year is to be 25% on cost.
2 $28 000 which had been charged to manufacturing wages should have been charged to office salaries.
3 Bad debts of $14 000 are to be written off.
4 The provision for doubtful debts is to be reduced by $6000.
Prepare Hickory’s manufacturing account for the year ended 30 April 2010